The Speedway World Championship is an annual motorcycle racing competition that features riders competing on oval tracks. The championship is organized by the Fédération Internationale de Motocyclisme (FIM) and includes a series of Grand Prix events held in various countries. Riders earn points based on their performance, with the top scorers competing for the title of world champion. The championship typically features specialized motorcycles known as speedway bikes, which have no brakes and are designed for high-speed racing on dirt tracks. The event attracts top riders from around the world, showcasing their skills in a thrilling and fast-paced environment.