The Icelandic Chess Championship is usually held in Reykjavík. It is organised by the Icelandic Chess Federation (ICF), the body responsible for holding national chess events and for representing Icelandic chess at the World Chess Federation (FIDE). The ICF was founded in 1925 and its main activities include the national chess championship and the annual 'Reykjavik Open' tournament.
The tournament has always been organized as a round robin with the exception of the 100th anniversary tournament in 2013, which was held as a Swiss-style open tournament.
The current Icelandic chess champion is Hjörvar Steinn Grétarsson (2022).