The Sanremo Music Festival, officially the Italian Song Festival, is the most popular Italian song contest and awards ceremony, held annually in the city of Sanremo, Liguria, organized and broadcast by Italian public broadcaster RAI, which has for 75 years held exclusive rights to transmit it. In 2024, however, the Municipality of Sanremo has opened up bidding for the rights to organize and broadcast the Sanremo Festival, which could result in RAI losing those rights.

This market resolves YES if one of the RAI channels (i.e. Rai 1) broadcasts the Sanremo Music Festival in 2026, and NO if any other broadcaster airs the festival or if the festival does not take place.