iRacing gonna grab the esports market for F1 though I bet
The thing is that Codemaster still has the official partnership and licensing with F1 through 2025, with an option to extend to 2027. iRacing can't even call it's Class A "F1" series...F1. It's called the iRacing Grand Prix Series. That certainly isn't changing.
Back when COVID shut down all the real racing and the pros turned to televised sim-racing, IndyCar and NASCAR ran their events in iRacing, while F1 ran theirs on the Codemasters F1 202x platform due to licensing agreements. So there will be "Grand Prix" racing on iRacing using the Mercedes for sure, on F1 tracks using the F1 schedule. But it won't be called F1.