The 68th annual Grammy Awards are nearly here, and the energy promises to be electric as we head into Music’s Biggest Night at the Crypto.com Arena on Sunday, February 1.
The 2026 nominations, announced in early November, have set up a heavyweight clash for the ages.
Kendrick Lamar leads the pack with a massive nine nominations, but the betting markets are eyeing a historic night for Bad Bunny. His album, Debí Tirar Más Fotos, is the current -150 favorite to take home Album of the Year, which would make it the first Spanish-language project to ever win the top prize.
We break down the favorites in the major categories below ahead of this weekend's star-studded ceremony.
All odds are courtesy FanDuel as of January 31, 2026. Favorites are in bold.
Album of the Year odds
| Nominee |  |
|---|---|
Bad Bunny’s Debí Tirar Más Fotos is considered a lock for Album of the Year because it represents a historic convergence of critical acclaim and a strategic shift in Grammy voting power. The album, which blends traditional Puerto Rican sounds like plena and jíbaro with modern production, earned a staggering 95 Metacritic score and was hailed as the top record of the year by major outlets like Rolling Stone and Billboard.
More importantly, a recent Academy rule change allowed all members of the Latin Recording Academy to vote in the general categories, creating a massive, dedicated voting bloc that favors the Puerto Rican superstar as he seeks to become the first-ever Spanish-language winner in this category.
With the Grammy ceremony taking place just one week before his highly anticipated Super Bowl Halftime Show, Bad Bunny occupies a level of cultural dominance that makes it difficult for even heavyweights like Lady Gaga or Kendrick Lamar to overcome his lead.
Find out who's leading the Best Album Grammy prediction market on Kalshi with our Grammy Awards Prediction Markets primer
Record of the Year odds
| Nominee | |
|---|---|
They say there's strength in numbers, and that's certainly the case with Luther. Kendrick Lamar and SZA’s release is the overwhelming favorite for Record of the Year because it represents the pinnacle of contemporary collaboration.
Following Kendrick’s dominant "victory lap" at the 2025 ceremony, Luther has maintained incredible momentum, spending 13 weeks at No. 1 on the Billboard Hot 100. This commercial juggernaut isn't just a hit; it’s a masterclass in production, blending fluttering keys and soulful strings that appeal directly to the Recording Academy’s notoriously hard-to-please technical voters.
With Kendrick leading the night with nine nominations, Luther is the most likely vessel for the Academy to honor his sustained cultural dominance and peerless artistic chemistry with SZA.
Song of the Year odds
| Nominee | |
|---|---|
You won't find a bigger lock than "Golden", which combines commercial dominance with critical prestige.
As the lead single from the KPop Demon Hunters soundtrack, the track spent eight weeks at the top of the Billboard Hot 100 and has already swept the Best Original Song categories at the Golden Globes and Critics' Choice Awards. Its technical complexity has drawn comparisons to Broadway standards like "Defying Gravity", earning it respect from the Recording Academy’s more traditional craft-focused voters.
Beyond its chart performance, the song’s narrative as an industry-defining moment for K-pop makes it the night's biggest sure thing. With songwriter EJAE poised to become the first Korean-American female winner in this category, there is immense institutional pressure to finally recognize the genre's global impact in a General Field category.
Best New Artist odds
| Nominee | |
|---|---|
An industry darling since the release of The Art of Loving, Olivia Dean is the heavy favorite for Best New Artist thanks to her immense critical acclaim and "old soul" narrative.
While competitors like Leon Thomas and Addison Rae have strong commercial momentum, Dean’s soulful, classic artistry aligns perfectly with the Recording Academy’s historical preference for timeless singer-songwriters. Her high-profile performance at the Spotify Best New Artist Party further solidified her frontrunner status just days before the February 1st ceremony.
