The non-Olympic performance sport of diabolo has gradually developed from a traditional folk sport into one popular in the international community. Regular events such as the influential Asian International Diabolo Championship (AIDC) have raised its profile and provided a platform for demonstrating the advanced skill levels that result from training. The purpose of this paper is to explore the impact of hosting diabolo events on development and promotion of the sport. Through an examination of hosted competitions and review of the history and evolution of its rules, we wish to provide implications for the future direction of development of the sport and its techniques. This paper uses literature review to explore the evolution and impact of the AIDC, including the areas of "changes in activity patterns," "changes in competition content," and "changes in scoring methods." We conclude that hosting diabolo events brings various benefits: first, it increases the participating population; second, it stimulates the development of advanced techniques; third, it increases the spectating population; fourth, it promotes effective international communication and the exchange of ideas. Recommended future research directions are as follows: (1) categorizing difficulty levels of various techniques in this sport; (2) categorization of diabolo competition and specification of the equipment used; (3) discussion of the changes and benefits brought by the Red Bull PAO events.