By using the methods of literature, content analysis, and other research methods, with the help of NVivo12 qualitative analysis software, this article excavates and quantitatively analyzes 37 sports event risk policy texts issued by the State Council, the State Sports General Administration, the China Athletics Association, and other institutions from 2014 to 2022 from three dimensions of policy tools, decentralization reform, and influencing factors. Research shows: (1) In the dimension of policy tools, the risk policy of sports events is mainly based on environmental policy tools, the total amount of supply policy tools is moderate, the demand policy tools are relatively insufficient, and the internal factors of each tool are not balanced.(2) In the dimension of "streamline administration, delegate powers, and improve regulation and services", policy tools mainly play a role in optimizing services and supervision and management, but decentralization is relatively lacking, and each tool has insufficient traction on the demand side.(3) In the dimension of influencing factors of event risk, the policy tools are mainly based on the supply side of personnel factors and management factors, supplemented by the environment side, but the overall demand side is insufficient. Based on this, the study puts forward the following optimization suggestions:(1) Optimize the combination effect of policy tools and form a systematic policy tool; (2) Continue to further promote the reform of decentralization, management and service, and improve the coupling between policies;(3) Improve the synergy between the risk factors of the event and the policy tools, and create a new situation of co-construction, co-governance, sharing and safe running of the competition.