This market resolves if a press release by Formula 1 or General Motors or Andretti announces Andretti Cadillac Motorsport are racing in the 2025 Formula 1 season. Or whether they make a compromise and allow Andretti Cadilac to join only in the 2026 season, after a new Concorde Agreement is renewed.
In case of doubt, this market resolves during F1 first race of 2026.
1,000Statement on General Motors application to join FIA Formula One World Championship in 2026
Formula 1 announced today that it has reached an agreement in principle with General Motors (GM) to support bringing GM/Cadillac as the 11th team to the Formula 1 grid in 2026.
Formula 1 has maintained a dialogue with General Motors, and its partners at TWG Global, regarding the viability of an entry following the commercial assessment and decision made by Formula 1 in January 2024.
Over the course of this year, they have achieved operational milestones and made clear their commitment to brand the eleventh team GM/Cadillac, and that GM will enter as an engine supplier at a later time. Formula 1 is therefore pleased to move forward with this application process and will provide further updates in due course.