Well, Assuming billionaires can afford to go where they like. Modern media would have no trouble reporting it back to the rest of the world. In a theoretical sport like this, who cares about the FIA?
To answer my own question, anyone who is participating in any way in any other FIA sanctioned event would care, as they could and probably would have their licences revoked, or some kind of punishment imposed.
The ethical point though is, that we’re not really seeing the fastest of the fast, or the pinnacle of the beast that is motorsport. It’s not at it’s full potential. It’s been tethered to so a ‘safe’ and sensible speed. It feels neutered somewhat.
I doubt it’ll ever happen, but I’d love to see an F1P league, where the imagination is not held back by a long list of hereditary mandates about sizes of this and that.
Driver safety is a must, but they’re pretty good at that today.