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Formula 1, or F1, is the highest class of single-seatauto racing that is sanctioned by the Fédération Internationale de l'Automobile (FIA). Formula 1 races take place on tracks across the globe, and the FIA Formula One World Championship has been the premier form of racing since the inaugural season in 1950, although other Formula One races were regularly held until 1983. The "formula", designated in the name, refers to a set of rules, to which all participants' cars must conform. The F1 season consists of a series of races, known as Grands Prix (from French, originally meaning great prizes), held throughout the world on purpose-built F1 circuits and public roads. The motorsport has grown massively in popularity, and attracts important crowds, including politicians and royalty.