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Many fans believe Gi Hun will go undercover in the game’s organization. His red hair transformation hints at rebellion from within. Could he be the next Front Man in disguise?

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Though Il Nam died in Season 1, fans think his child might appear. A hidden heir may take over the game’s twisted legacy. Expect emotional stakes if they clash with Gi Hun

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Some theorists claim the masked VIPs include political elites. Hints in Season 2 might link global power to the game. The show could explore greed and corruption on a larger scale

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A viral theory suggests the Squid Game concept came from the North. This could tie in with Sae Byeok’s backstory and new defectors. Could Season 3 move across borders?

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Season 2 confirmed Jun Ho is alive and in hiding. Fans now believe he’ll confront his brother. His brother In-ho’s position as Front Man creates a tense sibling showdown

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Red or blue? Fans believe the Ddakji game’s color pick decides your fate. Red = worker, blue = player, secretly hinted in Season 1. Could Season 3 finally confirm this?

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Gi Hun’s transformation continued in Season 2, but to what end? Some fans now think he’ll overthrow the organization...only to lead it. Could he redesign the game with his own rules?

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Season 2 hinted that some VIPs knew contestants from their past. This adds emotional weight and manipulation to the deadly games. Season 3 may explore betrayal and revenge within families

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Season 2 referenced other games being played worldwide. Fans predict a Squid Game World Cup format in Season 3. Different nations. Different games. One horrifying finale

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The boldest theory? The games will be leaked to the public. Jun Ho and Gi Hun might hack the broadcast to reveal everything. Season 3 could end the cycle… or start a global panic

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THANKS FOR READING

[{ "selector": ".nagfs-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "opacity": 0, "visibility" :"visible"}, {"offset": 1, "opacity": "1", "visibility" :"visible"} ] }, { "selector": ".narjt-a", "duration": "500ms", "fill": "forwards", "delay": "1000ms", "keyframes": [ {"offset": 0, "opacity": 0, "visibility" :"visible"}, {"offset": 1, "opacity": "1", "visibility" :"visible"} ] }] Click Here

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MAY 23, 2025

10 Wild Fan Theories About Squid Game 3

Sakina Kaukawala

ENTERTAINMENT

Many fans believe Gi Hun will go undercover in the game’s organization. His red hair transformation hints at rebellion from within. Could he be the next Front Man in disguise?

Gi Hun Becomes a Front Man

Image Credit: Netflix

Though Il Nam died in Season 1, fans think his child might appear. A hidden heir may take over the game’s twisted legacy. Expect emotional stakes if they clash with Gi Hun

Il Nam Has a Secret Heir

Image Credit: Netflix

Some theorists claim the masked VIPs include political elites. Hints in Season 2 might link global power to the game. The show could explore greed and corruption on a larger scale

The VIPs Are World Leaders

Image Credit: Netflix

A viral theory suggests the Squid Game concept came from the North. This could tie in with Sae Byeok’s backstory and new defectors. Could Season 3 move across borders?

The Game Originated in North Korea

Image Credit: Netflix

Season 2 confirmed Jun Ho is alive and in hiding. Fans now believe he’ll confront his brother. His brother In-ho’s position as Front Man creates a tense sibling showdown

Jun Ho’s Bigger Role Against the Game

Image Credit: Netflix

Red or blue? Fans believe the Ddakji game’s color pick decides your fate. Red = worker, blue = player, secretly hinted in Season 1. Could Season 3 finally confirm this?

Players Are Chosen by Color Choice

Image Credit: Netflix

Gi Hun’s transformation continued in Season 2, but to what end? Some fans now think he’ll overthrow the organization...only to lead it. Could he redesign the game with his own rules?

Gi Hun’s Destiny as the Next Game Master

Image Credit: Netflix

Season 2 hinted that some VIPs knew contestants from their past. This adds emotional weight and manipulation to the deadly games. Season 3 may explore betrayal and revenge within families

New VIPs with Personal Ties to Players

Image Credit: Netflix

Season 2 referenced other games being played worldwide. Fans predict a Squid Game World Cup format in Season 3. Different nations. Different games. One horrifying finale

The Global Tournament Theory Returns

Image Credit: Netflix

The boldest theory? The games will be leaked to the public. Jun Ho and Gi Hun might hack the broadcast to reveal everything. Season 3 could end the cycle… or start a global panic

The Games Will Be Exposed - Live

Image Credit: Netflix

THANKS FOR READING