Barcelona have emerged as the leading favourites to win the 2026/27 UEFA Champions League, according to prediction market odds following the league-phase draw.
The Spanish giants currently have a 17 per cent chance of lifting the trophy, putting them ahead of last season’s finalists Arsenal, who have a 16 per cent probability.
Paris Saint-Germain, the defending champions, are third with a 15 per cent chance of retaining the title.
The odds, per PolyMarket, reflect the perceived chances of the leading clubs winning Europe’s biggest club competition.
Barcelona lead the list with a 17 per cent chance of winning the Champions League.
The Catalan club will face Manchester City, PSG, Aston Villa, Sporting CP, Feyenoord, Galatasaray, Como and Sabah in the league phase.
Arsenal are second with a 16 per cent probability of winning the competition.
The Gunners will face Real Madrid, Bayern Munich, Borussia Dortmund, Real Betis, Lille, Napoli, Sabah and Slavia Prague.
Defending champions PSG have a 15 per cent chance of successfully retaining the trophy.
Their league-phase opponents include Barcelona, Manchester City, Roma, Aston Villa, Galatasaray, Villarreal, Slovan Bratislava and Como.
Bayern Munich are fourth on the list with a 14 per cent chance of winning the title.
The German giants remain among Europe’s most experienced Champions League contenders.
Real Madrid have been given a 13 per cent chance of winning the competition.
The 15-time European champions will face Inter Milan, Arsenal, PSV Eindhoven, Roma, RB Leipzig, Shakhtar Donetsk, LASK and AEK Athens.
Manchester City have a 9 per cent chance of lifting the trophy.
Pep Guardiola’s side will face PSG and Barcelona in two of the standout league-phase fixtures, alongside Sporting CP, Porto, Napoli, RB Leipzig, AEK Athens and Lens.
Liverpool are seventh among the leading contenders, with a 7 per cent probability of winning the Champions League.
The Reds will face Atletico Madrid, Inter Milan, Porto, Club Brugge, Villarreal, Fenerbahce, Lens and LASK.
Inter Milan have been given a 4 per cent chance of winning the competition.
They will face Liverpool, Real Madrid, Club Brugge, Borussia Dortmund, Shakhtar Donetsk, Feyenoord, Stuttgart and Slovan Bratislava.
Manchester United have a 3 per cent chance of winning the Champions League according to the prediction market.
The English club will be looking to challenge Europe’s leading clubs as the competition progresses.
Atletico Madrid complete the top 10 with a 2 per cent probability of winning the trophy.
The Spanish side will face Bayern Munich, Liverpool, Manchester United, PSV Eindhoven, Fenerbahce, Bodo/Glimt, Viking and Stuttgart in the league phase.
With Barcelona, Arsenal and PSG occupying the top three positions, the prediction market currently gives the Spanish and English clubs a strong chance of challenging for the trophy.
However, the Champions League will be decided on the pitch, with the league phase set to provide eight matches for each of the 36 participating clubs before the knockout stages begin.
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