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Squid Game: The Challenge Season 2: Winner Odds, Dark Horses, and Our Final Pick

Squid Game: The Challenge Season 2: Winner Odds, Dark Horses, and Our Final Pick
Image credit: Legion-Media

Five contenders are left in Squid Game: The Challenge season 2: Vanessa, Perla, Steven, Dajah, and Trinity. With pressure peaking and alliances fraying, Steven and Perla look a step ahead — but one brutal twist could flip the endgame in an instant.

We are down to five in Squid Game: The Challenge Season 2, and the endgame is starting to look like a social chess match wrapped in stress sweats. Here is where things sit going into the finale.

The Final Five and their angles

  • Steven (Player 183) – The most likely winner right now. He has been edited as the sharpest strategist of the bunch and has slipped out of a few tight spots already. If social IQ plus adaptability equals a payday in this format, Steven checks the boxes. If he wins, he says he wants to take care of himself, his loved ones, and his community.
  • Perla (Player 72) – Close second. She has stuck to who she is, which has quietly earned her goodwill. In a game that mixes puzzles, physical beats, and group dynamics, that kind of steady energy can carry you across the line. Her wishlist: clear her credit cards, pay back her mom, upgrade home security for herself, her mom, and her brother, and make her mom’s dream trip to India happen.
  • Vanessa (Player 17) – Underdog alert. She is not the odds-on pick, but she keeps surviving, and this show can swing hard on one twist. If she cashes out, she wants a boat. Hard to argue with the vibe.
  • Dajah (Player 302) – Not as heavily spotlighted as the top two, but still in it. She has talked about giving her son the best childhood and traveling the world if she takes the pot.
  • Trinity (Player 398) – Still standing headed into the final stretch. If he wins, he wants to invest back into his community and get his mom moved to Kansas City.

What they are playing for

The prize is $4.56 million. Yes, the show stuck with the Season 1 figure, and yes, it is still one of the biggest single payouts in reality TV. Only the last player standing gets it. Taxes depend on where the winner lives.

Who is actually winning this thing?

If I had to call it: Steven by a nose, with Perla right behind. He has the strongest overall game so far; she has the consistency and likability that tends to matter more than people admit. Vanessa is the sneaky third option if the final challenges or a late betrayal tilt the board.

With $4.56 million on the line, one clutch play or the wrong ally can flip the whole board in a heartbeat.

Season 3 status

It is already happening. Netflix has greenlit Season 3 and is actively casting. The interesting wrinkle: they are recruiting through Squid Game: The Experience installations in New York and London, not just online forms. Applicants need to be 21+ and meet the usual eligibility terms. You can also jump in via social media or QR codes posted at the Experience sites.

Finale timing

The Season 2 finale drops November 18 at 6 PM PT / 9 PM ET. Place your bets accordingly.