Spain enters Group H as the clear frontrunner, backed by its status as defending European champions, an extended unbeaten run in regulation time, and superior squad depth heading into matches against Cape Verde, Saudi Arabia, and Uruguay. Trader positioning reflects Spain’s expected group win despite fitness concerns around Lamine Yamal and Nico Williams, who are recovering from hamstring issues and may face minutes restrictions in the June 15 opener. Uruguay sits second in implied probability thanks to experienced midfielders like Federico Valverde and a proven track record in major tournaments, though inconsistent recent results and minor injury reports on defenders such as Ronald Araújo temper expectations. Saudi Arabia and Cape Verde remain longshots, with limited recent form to challenge the top two in a group that begins play on June 15.