We investigate timing and eye-movement behavior during semantic prediction in L1 and L2 speakers of English using the Visual World Paradigm, additionally exploring speech rate. We differentiate first-stage predictions, considered to be automatic and relatively cost-free, from second-stage predictions, which are non-automatic and more cognitively demanding, with differences between L1 and L2 speakers believed to arise in second-stage predictions. We found no differences in the divergence of looks to the target in first- or second-stage predictions across groups. However, speech rate played an important role. Both L1 and L2 speakers showed similar first-stage predictions at slower speech rates, but L1 speakers showed earlier predictions as the speech rate increased. L2 speakers showed reduced and more variable second-stage predictions, suggesting they were impacted during the more demanding second-stage prediction. This may indicate a wait-and-see strategy to help reduce costs associated with second-stage prediction.