Carlos Ulberg captured the vacant UFC light heavyweight title with a first-round knockout of Jiří Procházka at UFC 327 in April 2026, despite tearing his ACL in the bout. Traders have priced him at an overwhelming 89% implied probability to remain champion through year-end because he is sidelined for the rest of 2026 while recovering, with no interim title planned and the division unlikely to stage a unification bout before January. Recent contender activity—including Magomed Ankalaev’s rebound win and proposed eliminators—has not altered his hold on the belt. The only realistic shifts would involve an unexpected stripping, a late-year interim coronation, or complications from his knee rehab that force a title vacancy.