Ju Wenjun enters as the clear market leader with the highest implied probability among traders, buoyed by her status as reigning Women's World Champion, victory in the 2024 inaugural edition, and consistent classical rating around 2559. Zhu Jiner and Bibisara Assaubayeva follow closely, reflecting their rapid rating climbs to elite levels and strong recent form in major events, including Candidates performances. Humpy Koneru and Anna Muzychuk benefit from extensive experience in high-stakes classical play and prior Norway Chess appearances, while Divya Deshmukh rounds out the field as a rising talent adding depth to the double round-robin format with Armageddon tiebreaks. The closely bunched probabilities behind Ju underscore the competitive balance in this six-player field.