Cryptic crossword clue
Those in the running races circulate medal at home 11

The most common and most likely answer to this crossword clue is the 11 letter word NOMINATIONS

I've seen this crossword clue in Financial Times
N
O
M
I
N
A
T
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S

Buddy explains!

The straight part
We know that "Those in the running" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case those in the running = nominations.
The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.
This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.

What does NOMINATIONS mean?

NOMINATIONS noun
  1. An act or instance of nominating.
  2. A device or means by which a person or thing is nominated.

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