The state capital of Wiesbaden presents the Carol Nachman Prize for Rheumatology and the Carol Nachman Medal during a formal ceremony. 

The Wiesbaden Casino sponsors the prize to promote clinical, therapeutic, and experimental research in the field of rheumatology. The prize has been awarded since 1972. Since 1987, a Carol Nachman Medal has also been awarded. The prize, endowed with 37,500 euros, serves to promote clinical, therapeutic, and experimental research in the field of rheumatology. The Carol Nachman Medal is endowed with 2,500 euros. The Carol Nachman Prize and Medal are named after their founder, Carol Nachman, a long-time casino concessionaire and honorary citizen of Wiesbaden. Since 1972, the prize has been awarded to recognized scientists.