The tournament occurred twice on an irregular basis, with the United States winning in 1996 and Canada winning in 2004.
A third edition is scheduled for 2016, after which the tournament will, for the first time ever, be held on a regular basis every four years, alternating biannually with a planned all-star series between North America and Europe.
The World Cup of Hockey is organized by the National Hockey League (NHL) and the National Hockey League Players' Association (NHLPA), unlike the annual World Ice Hockey Championships and quadrennial Olympic tournament, both run by the International Ice Hockey Federation (IIHF).
World Cup games are played under NHL rules and not those of the IIHF, and the tournament occurs prior to the NHL pre-season, allowing for all the NHL's players to be available, unlike the World Championships, which overlaps with the NHL's Stanley Cup playoffs.
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