the.com/consolation

The prize you get for losing, so everyone can stop watching you cry.

means Comfort or solace offered to someone after a loss or disappointment, meant to ease the sting.

from From Latin consolari, 'to console' — com- (thoroughly) plus solari (to comfort, soothe), the same root that gives us 'solace.' It traveled through Old French consolation into English by the 1300s, carrying the same job the whole way: dressing up disappointment in kinder words.

etymology
Latin consolari, to offer solace, share the burden
consolation prize
Invented to soften losers, not reward winners
psychology
Comfort works best when it skips the silver linings
irony
Often remembered longer than the thing you lost
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