Group Play is entering its final days at the 2026 World Cup, and the latest World Cup odds at Kalshi are topped by France after taking all nine points.
Argentina has taken hold of second place after dominating Group J, with Spain rounding out the Top 3.
With the expanded 48-team format creating new paths to the knockout stage, the World Cup landscape can shift dramatically after every matchday.
Before making your World Cup picks, take a look at the latest World Cup odds, favorites, and where the market stands as the tournament unfolds.
World Cup odds 2026: Who will win?
| Country |  Probability |
American Odds |
|---|---|---|
 France |
24.5% | +308 |
 Argentina |
21% | +376 |
 Spain |
10.5% | +852 |
 England |
9.9% | +910 |
 Brazil |
6.2% | +1513 |
 Portugal |
6.1% | +1539 |
 Netherlands |
5% | +1900 |
 Germany |
3.7% | +2603 |
 USA |
3.6% | +2678 |
 Mexico |
2.9% | +3348 |
 Colombia |
2.5% | +3900 |
 Norway |
2.2% | +4445 |
 Morocco |
1.3% | +7592 |
 Belgium |
1.2% | +8233 |
 Japan |
1% | +9900 |
Odds as of 6-28. Percentages courtesy of Kalshi.
Kalshi is a regulated financial exchange where you trade on real-world event outcomes. Instead of traditional odds, prices are listed as percentages (0–100%), representing the market’s estimated probability of an event occurring.
- Brazil finding form: After an opening draw against Morocco, Brazil has cruised to 3-0 wins over Haiti and Scotland, with three of those six goals and four total coming from Vinicius Junior.
- England shut down: It was clear early that Ghana was content with a draw, and a draw is what they got. England couldn't break through their defense, and now they must show up against a much worse Panama side.
- France reinforces the top spot: Spain’s 0-0 draw with Cape Verde knocked La Roja off the top line, and France cemented themselves as the favorite with a 3-1 win over Senegal.
- Spain bounces back from early slip: The market cooled slightly on Spain, but a dominant 4-0 win over Saudi Arabia has them right back in the mix.
- Portugal establish Top 5 spot: CR7 and the rest of the Portugal squad hammered Uzbekistan 5-0, with Ronaldo netting two.
- Argentina heating up: "La Albiceleste" have won each of their first three games in their title defense, going up 8-1 on goal aggregate. Lionel Messi has scored sixe of those goals, a nightmarish sight for their opposition.
United States World Cup odds
The United States saw one of the biggest early tournament moves in the World Cup winner market after beating Paraguay 4-1 in its opener.
The Americans moved from 1.6% implied probability to 3.9% at Kalshi and again from 3.9% to 5.5% after taking down Australia 2-0, shortening from roughly +6150 pre-tournament to +1718 in American odds.
A meaningless loss to Turkey did little to halt momentum, with USA only falling to 3.6%.
Track the latest United States World Cup odds.
More World Cup odds
World Cup contenders
Spain
Spain remain one of the most talented teams in the tournament, but their scoreless draw with Cape Verde served as an early reminder that dominance on the ball doesn't always translate into goals.
Blessed with elite young talent, including Lamine Yamal and Pedri, La Roja still possess one of the highest ceilings in the field. Their ability to control possession, dictate tempo, and limit opponents' opportunities makes them a nightmare matchup in tournament football.
The concern is whether Spain can consistently turn that control into goals against deep, organized defenses. If they find a more clinical edge in the final third, they remain a legitimate threat to lift the trophy.
France
Kylian Mbappe showed the world what he could do in France's 3-1 win over Senegal, potting two goals for his country. After a slow first half, they turned up the heat and looked unstoppable. This came just a day after Spain's tie.
The biggest concern is at the back, where France can still look vulnerable defensively against organized sides. Even so, nobody will want to face them in a knockout match where one moment from Mbappe, Ousmane Dembele, or Michael Olise can completely flip a game on its head.
England
If not now, then when? England are still searching for their first World Cup title since 1966, but this current core is running out of opportunities together. Harry Kane remains the focal point, while Jude Bellingham and Bukayo Saka give England one of the deepest attacking groups in the field.
The issue is that we’ve seen this story before. England have consistently entered major tournaments with sky-high expectations only to fall short in the biggest moments. The talent is undeniable, but questions surrounding mentality, tactics, and a potentially difficult knockout draw are keeping skepticism alive around their World Cup odds.
Portugal
Portugal might be the most difficult team in the tournament to evaluate. On paper, they possess all the ingredients of a legitimate World Cup contender, with Bruno Fernandes, Bernardo Silva, Vitinha, Rafael Leao, and Cristiano Ronaldo leading one of the deepest squads in the competition.
The challenge has never been talent. Portugal can look like a championship-caliber side when everything clicks, but they have also struggled at times to turn possession into clear-cut chances.
Case in point, their 1-1 draw with Congo in their opening match.
The upside is undeniable, however, and if they finally put all the pieces together, they have the quality to emerge as one of the tournament's most dangerous dark horses.
Argentina
The defending champions are well-equipped to defend their title, especially when Lionel Messi looks like he hasn't aged a day since 2022.
Argentina remain one of the most balanced teams in the tournament, built around a strong defensive structure, elite midfield control, and one of the steadiest goalkeepers in the world in Emiliano Martinez.
Perhaps most importantly, they already know how to win these matches. Tournament experience matters, and very few teams are as comfortable navigating pressure-filled knockout games as Argentina. They may not have the flashiest roster in the field anymore, but writing them off would be a massive mistake.
Brazil
It feels like an eternity since Brazil last lifted the World Cup in 2002, and the pressure surrounding this national team only continues to grow. Carlo Ancelotti brings instant credibility and experience to the sideline, but Brazil's opening 1-1 draw against Morocco highlighted some of the concerns that have followed this group into the tournament. The talent is obvious, yet the Selecao still look like a team searching for consistency against top-tier opposition.
That said, the talent ceiling remains terrifying. Vinicius Junior, Neymar, Raphinha, and a new generation of attacking players give Brazil the kind of individual brilliance capable of carrying them deep into the tournament. They may not be the finished product right now, but few teams possess a higher upside. If Ancelotti can find the right balance between structure and creativity, Brazil still have every chance to emerge as one of the most dangerous sides in the knockout rounds.
World Cup Golden Boot odds
Golden Boot odds focus on which player will finish the tournament as the top scorer, factoring in team strength, expected minutes, and matchups throughout the knockout rounds. For a full breakdown of contenders and tiebreaker rules, see our World Cup Golden Boot odds page.
World Cup group odds and qualification markets
World Cup group odds let traders target which teams will finish first in their group or qualify for the knockout stage, often at better prices than outright futures. These markets are shaped heavily by group draw, goal differential, and projected paths — all of which are tracked on our World Cup group standings page.
World Cup match odds explained
Match odds differ from futures by focusing on individual games rather than the tournament winner, with pricing that can shift quickly as teams rotate lineups or manage fatigue. Knockout matches bring added volatility due to extra time and penalties, while live trading allows for reactions to momentum swings as matches unfold.
How to trade on the World Cup
Trading on the FIFA World Cup is one of the most popular events in global sports wagering, with markets ranging from outright winners to player props and live in-game odds. Here’s a breakdown of how to predict soccer in the most common ways:
- Outright winner: Pick which nation will lift the trophy.
- Group winner: Back a country to finish top of its group.
- Group exact finish: Predict the exact order of finish (1-4) for each group.
- Match markets: Wager on moneyline, spread, or totals for individual matches.
- Player props: Trade on tournament-long markets such as who will win the Golden Boot or Golden Ball, or individual match props like goals, shots, or bookings.
- To reach quarterfinals/semifinals: Back a country to go deep into the tournament without needing to win it.
Tip: Odds can fluctuate dramatically during the tournament, especially after injuries or upsets, so shopping around for the best line is key.
Who has qualified for the 2026 FIFA World Cup?
Three countries receive automatic entry as tournament co-hosts:
- United States
- Canada
- Mexico
Qualified teams:
Argentina, Brazil, Colombia, Ecuador, Paraguay, Uruguay, England, France, Germany, Spain, Portugal, Netherlands, Belgium, Croatia, Switzerland, Austria, Scotland, Norway, Turkiye, Czechia, Bosnia and Herzegovina, Sweden, Australia, Japan, Korea Republic, Iran, Saudi Arabia, Qatar, Uzbekistan, Jordan, Morocco, Senegal, Egypt, Ghana, Algeria, Tunisia, Côte d'Ivoire, South Africa, Cabo Verde, New Zealand, Panama, Curaçao, Haiti, D.R. Congo, Iraq.
Odds are correct at the time of publishing and are subject to change.
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FIFA World Cup Odds FAQs
France are the betting favorites at +413 to win the 2026 World Cup.
It depends on the market. Betting early can provide value on teams you expect to shorten as public interest grows, while waiting allows bettors to factor in injuries, squad announcements, and late market movement. Many experienced bettors split exposure — placing a small early bet and reassessing closer to the tournament.
Host nations often benefit from automatic qualification, regional familiarity, and fan support, but they are not guaranteed value bets. The United States, Mexico, and Canada are all priced as mid-tier or longshot contenders, with sportsbooks factoring in home advantage while still accounting for overall squad strength.
Brazil have won the most World Cups, with five, while Italy and Germany follow with four wins each.
Only Brazil have successfully defended a men’s World Cup title, winning consecutive tournaments in 1958 and 1962. No nation has repeated as champion since, which is reflected in how cautiously sportsbooks price defending champions like Argentina.
The 23rd edition of the World Cup will take place at 16 venues across the United States, Mexico and Canada.
Argentina won the 2022 World Cup in penalty kicks over France.
Yes. Six host nations have won the World Cup on home soil: Uruguay (1930), Italy (1934), England (1966), Germany (1974), Argentina (1978), and France (1998).
