The concept still remains extremely curious. The current world champion in classic chess, Magnus Carlsen, does not have to complete any qualifying series and basically only has to play a final against the challenger who wins this tournament. Firouzja started the tournament very badly and basically eliminated himself with that. The notable name I'm missing from this tournament is Anish Giri. Actually, it should be a normal formula, just like playing football. Protective status is ridiculous.
The champion is the biggest draw.
His name is the one, people come to see. He draws the largest crowds. Giving the competition the most authenticity and legitimacy.
And so they make efforts to give him an advantage in the game.
The same thing happens in boxing where names like Canelo are protected and given advantages in judging.
It also happens in MMA to an extent. Where the champion in past japanese Pride tournaments would know who they would be fighting. While their opponent would not know until the last second who their opponent would be.