We study the Chow ring with rational coefficients of the moduli space $\mathcal F_{2}$ of quasi-polarized $K3$ surfaces of degree $2$. We find generators, relations, and calculate the Chow Betti numbers. The highest nonvanishing Chow group is $\mathsf A^{17}(\mathcal F_2)\cong {\mathbb{Q}}$. We prove that the Chow ring consists of tautological classes and is isomorphic to the even cohomology. The Chow ring is not generated by divisors and does not satisfy duality with respect to the pairing into $\mathsf A^{17}(\mathcal F_2)$. In the appendix, we revisit Kirwan-Lee's calculation of the Poincar\'e polynomial of $\mathcal{F}_2$.