The introduction of NASCAR's Open Exemption Provisional rule, which guarantees Helio Castroneves a spot in the Daytona 500, has been criticized by insiders.

NASCAR has not approved former driver Mike Wallace to compete in the Daytona 500, a NASCAR spokesperson confirmed Monday night to NBC Sports. MBM Motorsports announced Jan. 2 that the 65-year-old Wallace would drive for the team in its attempt to make the Feb.

Mike Wallace’s hopes of a Daytona 500 comeback have been dashed by NASCAR, citing his age, recent inactivity, and perhaps lingering shadows from a 2020 suspension.

NASCAR Cup Series organization MBM Motorsports is seeking a funded driver for the 67th running of the Daytona 500, after their previously announced pilot, Mike

Wallace's surprise return to the top level of NASCAR has been upended by the news that the 65-year-old was not approved for the series' biggest race.

As it turns out, NASCAR veteran Mike Wallace, who was attempting to qualify into the Daytona 500 as a 65-year-old five years after his last national touring start has not been approved for any race next month.