I believe cyclists can't be done for speeding as they aren't mentioned in the relevant legislation.( but they can be done for dangerous cycling in extreme cases)

I presume the WG haven't enacted the same ability to suspend the RTA as England .... that was the blocker for closed-road Motorsport like European-style Hillclimbs ... closing a road is a easy (Councils do it all the time for trivial roadworks) .... but even when closed the RTA (and hence the speed-limits) remained in force .... meant you could close a road for a mass cycling competition but not for a motorsport event ... that took an actual sitting of Parliament to enact a temporary suspension ... so fat chance of that happening ... last Govt amended the legislation so Councils could enable closed-road motorsport events for the first time (on the mainland as NI is a law unto itself .. quite literally 🙂) since the Kop Hillclimb incident in the'20s.

Sadly, other than a few vintage and restricted events, nimbyism, anti-car activists, insurance costs and MSUK regs have meant no 'proper' road competition has happened.

K