Eurovision 2026 will take place in May 2026, featuring competing nations from across Europe and partner countries. Azerbaijan previously won the Eurovision Song Contest in 2011 with the song "Running Scared" and has been a regular participant with a track record of strong performances. The current prediction market shows 0% odds for an Azerbaijan victory, suggesting traders assign virtually no probability to this outcome. This pricing could reflect expectations about Azerbaijan's participation status in 2026, the anticipated quality of their musical entry, competitive dynamics with other favored nations, or broader market sentiment about the overall contest. Eurovision 2026's winner is determined by a combination of professional jury voting (50%) and televoting from viewers across participating countries (50%), with the final results announced at the official contest finale. This market resolves based on the official Eurovision Song Contest results announced on contest night in May 2026. Prediction markets on Eurovision typically see substantial price movement as the contest date approaches, with odds shifting as competing artists, songs, and international voting patterns become clearer to traders.