Belgium is a perennial contender in international football, finishing third in the 2018 FIFA World Cup after reaching the semi-finals. However, at just 2% probability in current prediction markets, traders are assigning minimal chance of a Belgian World Cup victory in 2026. This low likelihood reflects several factors: Belgium's aging squad from recent tournaments is transitioning to younger players, competitive depth in Europe remains intense with established powerhouses like France, Germany, Spain, and England, and historical context shows Belgium has never won a FIFA World Cup despite strong showings in recent editions. The 2026 tournament in North America will run through July, with 32 teams competing in a traditional bracket format. Market prices on Belgium reflect the consensus view that younger, resurgent nations or traditional powerhouses are more likely World Cup winners. Recent trading activity suggests sustained low conviction on Belgian victory odds, with minimal price movement despite high overall market liquidity.