Formula DRIFT (also known as Formula D or FD) is an American premier professional drifting series, that was co-founded by Jim Liaw and Ryan Sage in 2003 as a sister company to Slipstream Global Marketing, which had the same partnership that introduced D1 Grand Prix to the United States. Formula D does not include empathized speed, But the new entity would solely own, operate and launch the first official drifting series in North America. Formula DRIFT is not associated with the FIA series of formula racing championships.

Formula DRIFT has 84 licensed drivers competing in PRO and PROSPEC (formerly PRO 2) as of June 2024. The series consists of an eight-round championship played out at race tracks across North America. Formula DRIFT is judged on line, angle, and style, rather than who finishes the course in the fastest time.

Drivers in North America can compete in regionally sanctioned PRO/AM organizations for licensing.

Winners and high finishers of these feeders series are then able to enter the Formula DRIFT PROSPEC series, a secondary national tour where drivers compete to move up to the main series.

Since 2008, Formula DRIFT has steadily expanded its international footprint, adding demonstration events and sister series in various countries around the world.

Jim Liaw, president and co-founder of Formula DRIFT, emphasized the significance of this expansion, stating: "Taking the Formula DRIFT brand internationally is a huge milestone. Our priority is to continue to build the Series here while growing the sport of drifting as a whole." In pursuit of this vision, Formula DRIFT exercises great care in selecting its international event partners. The organization thoroughly evaluates the boundaries and operational scopes of its international affiliates—such as Drift Australia, MSC, and Pro Drift—before establishing formal collaborations.

This deliberate and strategic approach has allowed Formula DRIFT to solidify its position as a global motorsports brand, while ensuring that the growth of drifting remains disciplined, sustainable, and aligned with professional standards across all markets."

Formula DRIFT Asia was officially established in 2008 with the launch of its inaugural event, Formula DRIFT Singapore, marking the series' first full-scale international competition in Asia. Held at the Changi Air Show Grounds, the event was a historic milestone for both the organization and the sport—achieving a sold-out status even before the gates opened, a testament to the growing popularity of drifting in the region.