It has been confirmed thatSquid Gameseason 3 will be the final installment in the South Korean thriller series, which leaves many wondering what will happen to the show’s beloved lead character, Gi-hun. Already,Squid Gameseason 1 and 2 left audiences guessing, with massive twists such as Oh Il-nam’s survival and Gi-hun’s failed coup at theend ofSquid Gameseason 2. Altogether, these surprising plot points show thatSquid Gamewants to mess with viewers in any way it can. Thus,countless theories have been posited about Gi-hun’s fate, which could go in several directions.
At this point, there is no ideal way forSquid Gameto end. Like any series finale,Squid Gameseason 3will have to leave viewers feeling satisfied, yet this does not guarantee a happy ending. In fact, it might make more sense for the series to end in tragedy, as it plays on themes of class, preying on the vulnerable, and injustice. Either way,audiences are expecting a massive blowout at the end ofSquid Gameseason 3,and already, theories are being thrown around about how everything will play out, and most importantly, what will happen to Gi-hun.

5Gi-hun Wins A Second Squid Games
How Gi-hun’s Win Would Be Bittersweet
Onetheory forSquid Gameseason 3is that Gi-hun wins the Squid Games for a second time. Considering howSquid Gameseason 2 ended, with Gi-hun in the Front Man’s grasp, it isn’t entirely clear if Gi-hun will be thrown back into the games or punished for what he tried to do. However,if he does end up back in the games, there is a chance he will have to relive the traumaof winning the previous games by killing all those he cares about before they kill him first. Thus, Gi-hun would survive, but at a steep cost.
Squid Game: The Old Man Always Wanted Gi-hun To Win - Theory Explained
Il-nam and Gi-hun become friends over the course of Squid Game season 1, and there are several clues that the old man helped Gi-hun win.
Ultimately, this would be one of the more troubling, and perhaps disappointing, routes thatSquid Gameseason 3 could take. In a nutshell,audiences have already seen Gi-hun win once before, so this type of ending would not be as refreshingas other avenues. Furthermore, it would tragically kill so many amazing characters that season 2 spent time building up. In this way, Gi-hun could certainly win a second Squid Game, and it would be meaningful, but probably would not be the epic finale audiences are expecting.

4Gi-hun Fails To Take Down The Squid Games
Squid Game’s Tragic Ending Could Be Compelling
In a similar vein,Squid Gamecould end with Gi-hun simply failing to take down the Front Man and the Squid Games. Clearly,Gi-hun is outnumbered, and at the end of season 2, he is under the controlof the Front Man. Although Gi-hun will likely try to carry out his mission, no matter what, it wouldn’t be entirely surprising if he failed. He is just one man among the Front Man and his army of guards. If this ending were to occur, audiences would have to assume that the Squid Games would just continue as they always had.
At first glance, this may seem like a horrible way to end the series. In some ways, it would be. All of Gi-hun’s efforts would have been for nothing. However, this would also be incredibly fitting forSquid Game.The show has proven time and again thatthe elite like the Front Manhave power over vulnerable people like Gi-hun. IfSquid Gamewas going for a more realistic ending, thenit would make sense for the Front Man to prevail. A hopeless ending would offer food for thought, but runs the risk of leaving audiences unsatisfied.

3Gi-hun Takes Down The Front Man & Saves His Friends
A Happy Ending May Feel Too Easy For Squid Game
At the opposite end of the spectrum,Squid Gameseason 3 could end with Gi-hun finally defeating the Front Man, once and for all. Despite histough situation at the end ofSquid Gameseason 2, Gi-hun could find a way to bargain with the Front Man, or overpower him.With the help of his peers, and also Jun-ho, Gi-hun could find a way to dismantle the Squid Gamesforever. It is definitely a tall order for an eight-episode season since there are so many moving parts at play, but it is not impossible.
Weirdly, having everything work out for Gi-hun may not be the best ending forSquid Game.

Weirdly, having everything work out for Gi-hun may not be the best ending forSquid Game.While it would be nice to see Gi-hun succeed and take down the corrupt Squid Games, it may also feel too easy, especially for a show that thrives on twists and turns.Even if Gi-hun fights hard for his win, sacrifices are going to have to be madeso that the battle feels worth it. For example, more characters like Jung-bae may have to face tragic endings for Gi-hun’s win to make sense.
2Gi-hun Becomes The Next Front Man
How Squid Game Would Benefit From This Twist Ending
One popular theory amongSquid Gameviewers is thatGi-hun will become the new Front Man. The thought behind this is that the Front Man will take Gi-hun behind the scenes of the Squid Games and show him why he’s doing all this. He will obviously have to make a compelling argument, butconsidering that Gi-hun is a former gambling addict and has lost many people he cares about, it seems possible that he could be turned to the dark side. Then, perhaps the Front Man will offer a newly radicalized Gi-hun a position in the games.
What The Front Man Will Do To Gi-hun In Squid Game Season 3 After Player 456’s Failed Rebellion
After Seong Gi-hun’s failed rebellion in Squid Game season 2, the Front Man must decide what to do with his currently defeated rival in season 3.
On one hand, it would be tragic to see Gi-hun lose his heroic status, but on the other, it would be incredibly interesting. Once again, this type of ending lends itself toSquid Games’overarching themes. As much as humans want to be good, greed and ego can end up corrupting them, and turning them evil. Audiences could see this happen to Gi-hun in real time, just as it happened to the Front Man. In this way,Squid Gamewould have a darker ending, but one that raises questions about humanityand the state of our society today.

1Gi-hun Sacrifices Himself For Another Player
The Player That Could Survive Squid Games' Ending
Finally, one of the most believabletheories aboutSquid Game’sendingis thatGi-hun will end up sacrificing his life for someone else in the Squid Games. Over the course ofSquid Gameseason 2, Gi-hun showed that he was truly determined to leave his dark past behind and put his energy into saving others. Therefore, it would make sense that he would put his own life on the line to help someone else, especially someone who is vulnerable or has a particularly good reason to live.
The most obvious choice of player for Gi-hun to save is Jun-hee, aka Player 222. There are several wonderful characters in the current Squid Games, butJun-hee has the most compelling case for survival because she is pregnant. If Gi-hun sacrificed himself for her, he would be saving two lives rather than just one. This would be yet another tragic ending, at least for Gi-hun, but it would show that humanity can still shine through, even in the hardest circumstances. All in all,Squid Gamewill have to pull on just the right heartstrings to impress audiences after season 3.

