The 3rd Women's World Chess Championship took place during the 4th Chess Olympiad in Prague. The tournament was played as a double round-robin tournament. Vera Menchik successfully defended her title. The final results were as follows:
| # | Player | 1 | 2 | 3 | 4 | 5 | Total |
|---|---|---|---|---|---|---|---|
| 1 | Vera Menchik (Czechoslovakia) | - | 1 1 | 1 1 | 1 1 | 1 1 | 8 |
| 2 | Paula Wolf-Kalmar (Austria) | 0 0 | - | 0 1 | 0 1 | 1 1 | 4 |
| 3 | Agnes Stevenson (England) | 0 0 | 1 0 | - | 1 ½ | 1 0 | 3½ |
| 4 | Katarina Beskow (Sweden) | 0 0 | 1 0 | 0 ½ | - | 1 0 | 2½ |
| 5 | Wally Henschel (Germany) | 0 0 | 0 0 | 0 1 | 0 1 | - | 2 |