The dream of having chess as a medal sport in the Olympics has been dashed once more, with the IOC announcing 5 new participation sports for the 2020 Games. Baseball/softball and karate are hardly a surprise, as they have previously been in the games (and are popular in the host country of Japan). The other three sports are a little more left field, with Rock Climbing, Surfing and Skateboarding(!) making the cut.
In fact chess had not even made the shortlist this time, which of course raises the issue of why FIDE keep pursuing this recognition. Since it became a goal of FIDE to become an Olympic sport, a number of policy changes and decisions directly related to this have been implemented, not always to the benefit of the chess community. In return there have been kind words from the IOC but not much more than that.
I suspect Chess has now done its dash, and unless the IOC radically expand the concept of the Olympic Games (to include a separate event for indoor activities) then I can't see Chess making it to the main arena.