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The Fédération Internationale de Motocyclisme (FIM)-sanctioned road circuits host the top-tier Grand Prix motorcycle racing competitions (FIM). Since the turn of the century, there have been independent motorcycle racing competitions, and major national competitions frequently bore the moniker Grand Prix. It was made possible to coordinate rules and regulations once the Fédération Internationale de Motocyclisme was established in 1949 as the world's official motorcycle sport regulatory body. Selected events could then be used to determine official World Championships. It is the global championship in motorsport with the longest history.

Grand Prix motorcycles are specifically designed racing vehicles that are not available for general public purchase and cannot be lawfully ridden on public roads. This contrasts with the different production-based racing divisions, such the Superbike World Championship and the Isle of Man TT Races, which use customized versions of motorcycles that are accessible to the general public on public roads.

Since the advent of the four-stroke engine in 2002, the top division has been referred to as MotoGP. Although all classes have official status, the largest class before that was 500cc. Both of these classes have a long history of serving as the official World Championship.

There are presently four classes in the championship: MotoGP, Moto2, Moto3, and MotoE. The MotoE class (new in 2019) employs electric motorcycles while the first three classes use four-stroke engines.

With 15 championships and 122 race victories, Giacomo Agostini is the most successful rider in Grand Prix history. Agostini has won eight championships in the top-tier series, followed by Valentino Rossi with seven and now racing Marc Márquez with six. With 89 victories in top-tier races, Rossi maintains the record as of 2020.