Formula Racing is a type of motorsport that involves open-wheel cars racing on a circuit. It is ONE of the most popular forms of motorsport in the world and is governed by the Federation Internationale de l'Automobile (FIA). The cars used in Formula Racing are designed to be lightweight and aerodynamic, and they are powered by engines that produce high levels of power. Formula Racing is divided into several categories, including Formula ONE, Formula Two, Formula Three, and Formula Four. Each category has its own set of rules and regulations, and drivers must adhere to these rules in order to compete.