Formula E's $250K Charity Bet Donation

Formula E CEO Jeff Dodds donated $250,000 to charity following a 'tongue-in-cheek' bet that Max Verstappen would not win his fourth consecutive Formula One title. Despite Verstappen's triumph, Dodds honored the pledge, splitting the funds between Red Bull’s Wings for Life foundation for spinal cord research and More Than Equal, a fund aimed at supporting women in motorsport. The donation aims to address gender equity and enhance opportunities for female drivers in Formula E. Verstappen expressed his gratitude for the donation to Wings for Life and committed to following the Formula E championship during his downtime. Formula E is partnering with More Than Equal to conduct research into barriers faced by women in motorsport, with plans for the Gen4 era to potentially see more female drivers. This initiative highlights Formula E's commitment to fostering inclusivity and opportunities for women in the sport.