The 1938 Individual Speedway World Championship was the third edition of the official World Championship to determine the world champion rider.^{[1][2][3][4][5][6][7]}

The Championship was won by the 28 year-old Australian Arthur 'Bluey' Wilkinson, in front of a new record crowd for speedway of 95,000. The newspapers reported that despite extra police one of the worst traffic jams of the year resulted after the meeting was over and that the air was thick with petrol fumes.^[8]

• The top 28 riders over the 13 qualifying rounds would qualify for the Championship round.

• 1 September 1938
• Wembley Stadium, London
• Attendance: 95,000 (all-time Wembley speedway attendance record)

More information Pos., Rider ...

Pos.	Rider	c/f	Final Points	Final Heats	Total Points
1	Bluey Wilkinson	8	14	(3,3,3,3,2)	22
2	Jack Milne	7	14	(3,3,2,3,3)	21
3	Wilbur Lamoreaux	7	13	(3,1,3,3,3)	20
4	Lionel Van Praag	7	11	(3,2,2,1,3)	18
5	Bill Kitchen	6	9	2,2,1,2,2)	15
6	Cordy Milne	7	8	(1,3,3,0,1)	15
7	Alec Statham	5	8	(2,3,0,0,3)	13
8	Eric Langton	5	8	(1,2,2,3,0)	13
9	Benny Kaufman	5	7	(2,1,0,2,2)	12
10	Jack Parker	4	6	(2,2,2,0,0)	10
11	Arthur Atkinson	5	5	(1,0,2,1,1)	10
12	Jack Ormston (res)	4	5	(3,2)	9
13	Tommy Price	4	4	(1,0,1,2,0)	8
14	Tommy Croombs	4	4	(0,1,1,1,1)	8
15	George Newton	5	2	(0,1,0,1,0)	7
16	Geoff Pymar	5	2	(0,0,1,0,1)	7
17	Frank Varey	4	0	(0,0,0,-,-)	4

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