Portugal enters Group K as the clear favorite, with traders pricing its superior FIFA ranking, attacking depth, and Cristiano Ronaldo’s leadership—set for what he has called his final World Cup—at 66.5 percent implied probability. Recent European qualifying results, including a dominant 9-1 win over Armenia and strong possession metrics under the current manager, reinforce expectations that the side will top the group. Colombia, at 29.5 percent, sits as the primary challenger after an unbeaten run of friendlies and consistent CONMEBOL form that returned the side to the tournament for the first time since 2018. DR Congo and Uzbekistan remain long shots at 3.6 percent and 1.1 percent, respectively; the former returns after a 52-year absence following a playoff victory, while the latter makes its debut on the back of a disciplined qualifying campaign but faces a steep step up in competition.