Resolution criteria on PolyGram: This is a polymarket on the driver who achieves the fastest lap in Practice 1 at the 2026 F1 Canadian Grand Prix, scheduled for May 22, 2026. If the 2026 F1 Canadian Grand Prix is canceled or rescheduled to a date after May 29, 2026, this market will resolve to "Other." This market will resolve in favor of the driver who is officially credited with the fastest lap time in Practice 1 as published by the FIA. If Practice 1 is canceled or does not take place, this market will resolve to "Other." The resolution source will be the official Formula 1 website and a consensus of credible sports news reporting.
PolyGram is an on-chain prediction market where you trade YES or NO outcome shares with real USDC on Polygon. For this market, buy YES if you believe the event will happen, or NO if you think it won't. Your maximum loss is your stake — winning shares pay $1.00 each at resolution. Unlike sportsbooks, there is no house edge: prices are set by supply and demand from other traders and reflect the crowd's real-time probability.
Market outcomes
| Pierre Gasly | 5% YES | 95% NO |
| Fernando Alonso | 5% YES | 95% NO |
| Alexander Albon | 5% YES | 95% NO |
| Gabriel Bortoleto | 5% YES | 95% NO |
| Sergio Perez | 5% YES | 95% NO |
| Charles Leclerc | 32% YES | 69% NO |
| Esteban Ocon | 5% YES | 95% NO |
| Lando Norris | 32% YES | 69% NO |
The 2026 Formula 1 season will visit Circuit Gilles Villeneuve in Montreal on 22 May, with Practice 1 scheduled as the opening session. This market settles on whichever driver records the fastest lap time during that session, as officially published by the FIA. The current order book implies a 5% probability for the YES outcome, reflecting the dispersed nature of Practice 1 performance across the 20-driver grid.
Practice 1 fastest laps historically distribute across multiple drivers rather than concentrating on championship contenders. Unlike qualifying or race day, first practice sessions often see varied tyre strategies, fuel loads, and setup experimentation that can elevate mid-field or lower-ranked teams into the fastest-lap conversation. At Montreal specifically, the tight street circuit and variable weather conditions have historically produced unpredictable session outcomes. The low implied probability suggests the market is pricing in genuine uncertainty across the field rather than favouring any single driver.
Traders should monitor pre-race technical announcements from teams regarding setup changes or new components, as these can shift Practice 1 performance unexpectedly. Weather forecasts for 22 May will influence tyre selection strategies during the session. Any schedule disruptions or cancellations before the 29 May settlement deadline would trigger resolution to "Other." Recent F1 calendar confirmations from the FIA website confirm the Canadian Grand Prix remains scheduled as planned, with no current indications of postponement or cancellation.
This market settles from the official outcome published at https://www.formula1.com/en/results/2026/races. A proposer submits the final result to the UMA optimistic oracle on Polygon; the two-hour dispute window closes and payouts clear in USDC.
The mechanics for trading "Canadian Grand Prix: Practice 1 Fastest Lap" are the same as any other PolyGram event contract. Each YES share resolves to $1 if the event happens, or $0 if it doesn't. The current price between 0¢ and 100¢ is the market's probability estimate, set live by the order book.
$10 in lifetime turnover and $6K of resting liquidity puts this market in the below the median by volume for formula1 contracts on PolyGram. Order-book depth is thin — large orders may need to be split across the book or executed as limit orders.
The market has been open for under a month — fresh enough that information asymmetry remains a real factor.
Higher-volume markets tend to have tighter spreads and faster price discovery — meaning the displayed YES/NO percentages are more likely to reflect the true crowd-implied probability rather than a single trader's directional view.
Resolution is sourced from https://www.formula1.com/en/results/2026/races. Settlement is executed by the UMA optimistic oracle on Polygon, with a 2-hour dispute window before payouts clear.
This prediction market is scheduled to close on 29 May 2026. After the resolving event occurs, settlement typically clears within 24 hours once the UMA optimistic oracle confirms the outcome. All payouts are in USDC on the Polygon network.
To trade on this prediction market, create a free PolyGram account at polygram.ink, deposit USDC via Polygon, and place a YES or NO order on the outcome you believe in. You can learn more on our how-it-works page. Your maximum loss is limited to your stake — there is no leverage or margin.
When the outcome is determined, winning YES shares pay out $1.00 each in USDC, while losing shares pay $0. Settlement is handled by the UMA optimistic oracle on Polygon — a proposer submits the result, a two-hour dispute window opens, and if uncontested, payouts are distributed automatically. You can withdraw your winnings to any Polygon wallet.
Prediction-market positions can lose 100% of staked capital. Outcomes are uncertain by definition — historical accuracy of crowd-implied probabilities is high in aggregate but not for any single market. PolyGram does not provide investment advice. Trade only with capital you can afford to lose.
Regulatory status varies by jurisdiction. Germany, the United States, and most EU countries treat Polymarket-style event contracts under one of three frameworks: financial derivative, gambling product, or unregulated novel asset. Consult local counsel before trading.
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