The Candidates Tournament is the most prestigious event behind the World Championship itself. It is 8 player double round robin tournament that determines the World Championship challenger in the next cycle.
Current player rankings and Elo scores (updated 27.3.2026) are:
Hikaru Nakamura (#2) - 2810
Fabiano Caruana (#3) - 2793
Wei Yi (#8) - 2754
Anish Giri (#9) - 2753
Javokhir Sindarov (#11) - 2745
Praggnanandhaa R (#12) - 2741
Andrey Esipenko (#32) - 2698
Matthias Blübaum (#34) - 2695
However Candidates tournaments are usually pretty chaotic and often the biggest favorites do not win.
Update 2025-12-02 (PST) (AI summary of creator comment): If a player steps down before the tournament and is replaced, the market options will be updated to replace the old player with the new player.
People are also trading
Well calibrated Naka!
How good are his chances, exactly? Nakamura dismissed Chess.com's suggestion that he was a 40% favorite—"That's completely wrong," he said, laughing. "No one is a clear favorite," and he estimated his own odds closer to 20%. He said that up to seven players have a chance of winning, depending on how the tournament shapes up.
https://www.chess.com/news/view/2026-fide-candidates-tournament-preview

@bens I will replace the old player with the new player. But I think it is very unlikely in this edition when there are no covid issues or magnus not wanting to participate.
@bens 2 of those were Magnus being Magnus, 1 was Radjabov because it was March 2020, the other was Karjakin because of geopolitics. Who out of this field would withdraw?