The accumulation of Aflatoxin B1 (AFB1) in food and crops can pose significant hazards to human health. Consequently, there has been extensive attention paid to the development of a rapid and reliable method for detecting AFB1 in food. In this context, a ratiometric fluorescence probe (DE-MIPs) was prepared using dual-emission fluorescent carbon dots (CDs) coupled with the molecular imprinting technique for visual detection of AFB1. The dual-emission CDs consisted of red fluorescence biomass CDs (R-CDs) wrapped by molecularly imprinted cavities (R-CDs@MIPs), which served as a response signal, and pure blue emission biomass CDs (B-CDs) as a reference signal. Due to the specific quenching effect of AFB1 on red fluorescence while leaving blue fluorescence unaffected, there was a gradual decrease in the fluorescence intensity ratio (I670/I437) and a distinct shift in fluorescence color from red to blue as the concentration of AFB1 increased. The ratiometric probe demonstrated excellent linearity in detecting AFB1 within the concentration range of 0.1–200 ng/mL, with a detection limit (LOD) of 0.05 ng/mL. Furthermore, the practicality of DE-MIPs was validated by successfully detecting AFB1 in vegetable oil, with desirable recoveries from 89.0% to 107.4%. Furthermore, the integration of a smartphone as colorimetric reader enabled rapid AFB1 detection by capturing changes in fluorescence color. Overall, the development of this ratiometric probe offers a novel perspective for the facile and efficient identification of AFB1 in complex food samples.