Uruguay won the first FIFA World Cup in 1930, defeating fierce rivals Argentina in the final.[14][15] In 1950, they won their second World Cup, defeating Brazil in the Maracanã in the final.[16] They have also won two Olympic gold medals in 1924 and 1928.[17] Finally, they also won the 1980 Mundialito, a competition in Montevideo for all of the countries that had ever won the World Cup.