The tournament was won by Canada who were represented by the University of Manitoba Grads team, claiming their fifth world championship title by finishing on top of the group in the final round with a total of nine points.
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The 1931 World Championship also acted simultaneously as the 15th European Championships.
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Canada's University of Manitoba Grads won the tournament with a total of nine points after winning four games and tying one.
Due to its convenient location, infrastructure and rail connections with major cities in Europe, Krynica-Zdrój (Zdrój means mineral spring in Polish) was the location of winter sports tournaments already in the interwar period, including the 1931 World Ice Hockey Championships, the 1958 and 1962 FIL World Luge Championships, the 1935 FIL European Luge Championships and the 2004 Euro Ice Hockey Challenge played in the town.
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