This is a new phenomenon where you race drones against each other or against the clock. The drone operator wears googles which gives them a first person view (FPV) and they will race at speeds up to 150 km/hr. A basic set up which will get you racing at 60 km/hr will cost between $400-500. There are clubs all around Australia holding meets and competitions. Most of the racing happens indoors as it avoids dealing with legislation so you can find these clubs racing in abandoned warehouses and carparks. Like anything that flies the drone racers have to abide by CASA’s regulations, in particular Part 101, which dictates drone enthusiasts rules.
Here is some of the most watched footage from CHARPU who is being touted as the best drone racer in the world.