Formula 1 has secured the Monaco Grand Prix on its calendar until 2031 through a new six-year extension with the Automobile Club of Monaco (ACM), following the previous agreement that was set to expire in 2025. The iconic race, which has been part of the F1 world championship since 1950, will move from its traditional late May slot to the first weekend of June from 2026, avoiding clashes with the Indianapolis 500. Despite ongoing criticism about the lack of overtaking opportunities due to the narrow streets of Monte Carlo, the track layout will remain unchanged. The financial terms of the deal reportedly include Monaco paying £25 million annually, a significant increase from previous contributions. This extension reflects F1's commitment to maintaining traditional venues while expanding its global reach, as noted by F1 CEO Stefano Domenicali and Monaco's Prince Albert II.