Will Sergio Perez win the 2026 Action of the Year?

This market shows extreme illiquidity with zero 24-hour volume despite $510k open interest, paired with a massive 46¢ bid-ask spread that creates a 480% implied yield on the Yes side—a clear sign of thin orderbook depth rather than genuine conviction. The 2,666% realized volatility and 14.63 vol ratio suggest wild price swings driven by minimal trading activity, with the price doubling from 13¢ to 23¢ over seven days on negligible volume. At 241 days to expiry with a neutral regime and low information arrival rate (1.9/h), this market lacks the liquidity and data flow needed for reliable pricing on a speculative F1 award outcome.

Resolution rules

This market will resolve to the driver who wins the 2026 Action of the Year award for the 2026 Formula 1 season as awarded at the FIA Awards. In the event of a tie, this market will resolve according to the official winner as determined by FIA rules. If multiple winners are announced then this market will resolve to the player whose listed last name comes first alphabetically. If the 2026 Formula 1 season is cancelled, postponed after December 31, 2026, 11:59 PM ET, or there is otherwise no winner declared within that timeframe, this market will resolve to “Other”. The resolution source for this market will be official information from the FIA; however, a consensus of credible reporting may also be used.

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