Premio vs. galardón

In Spanish, 'premio' and 'galardón' both refer to forms of recognition or reward, but they have distinct nuances and usage contexts.

Premio

'Premio' refers to a prize, reward, or any form of recognition given for an achievement or victory. It is often used in various contexts ranging from education to competitions.
Gané un premio en la lotería.
(I won a prize in the lottery.)
Recibió un premio por su excelente desempeño académico.
(She received an award for her excellent academic performance.)
Participaré en el concurso para ganar un premio.
(I will participate in the contest to win a prize.)

Galardón

'Galardón' is a more formal term that usually refers to an award or accolade given in recognition of significant achievements, often in professional or artistic fields.
El escritor recibió un galardón por su contribución a la literatura.
(The writer received an award for his contribution to literature.)
El galardón al mejor actor fue otorgado anoche.
(The award for best actor was given last night.)
Ella ha acumulado varios galardones a lo largo de su carrera.
(She has accumulated several awards throughout her career.)

Summary

'Premio' and 'galardón' both signify forms of reward or recognition, but 'premio' is more general and can be used in various contexts, while 'galardón' carries a more formal tone and is typically used in professional or artistic settings.