This is the 16905th most frequent Turkish word.
ödülleri
"Ödülleri" means "the awards" in English.
In this sentence, 'ödülleri' means 'the prizes' and is used in possessive form referring to the prizes given in the competition.
Bu yılki yarışma ödülleri harika tasarlandı.
This year's competition prizes are beautifully designed.
Here, 'ödülleri' functions as the definite form of 'awards' as the direct object of the verb 'accept'.
Sanatçılar ödülleri kabul etti.
The artists accepted the awards.
In this sentence, 'ödülleri' is used in possessive form implying the awards given during the festival.