"Squid Game" Season 2 Is Confirmed And Here Are The Best Fan Theories About What's In Store (2023)

With the immense success of the first season of Netflix‘s Squid Game, fans have known that season 2 of the internationally popular show was inevitable.

The show has a massive audience, from wins at the Golden Globe Awardsand the 2021 People’s Choice Awards to expensive mimicries of the games and even BTS and their dogs cosplaying as characters.

Bts V's squid game cosplay becomes the most liked k-pop fan video on tik tok.
k-pop king 👑#V#TAEHYUN #BTSV @BTS_twt pic.twitter.com/pt7uDF4ULf

— Bangtan_7_boys (@y2005_yadav) January 18, 2022

And now the Co-CEO of Netflix, Ted Sarandos, not only confirmed that there will be a second season, but he even tantalized fans by saying that “the Squid Game universe has just begun.” And the use of the word, “universe,” leaves fans to wonder if there will be multiple new seasons in the works!

Season 2 of “Squid Game” is official 🦑

(via @Variety) pic.twitter.com/Bx9gAgadQ5

— Screen Off Script (@ScreenOffScript) January 21, 2022

Of course, the end of the show’s first season left viewers with a lot of questions and hopes for a future season. Everyone wants to know if Wi Ha Joon‘s character,Hwang Jun Ho, survived his fall into the ocean. Why didLee Jung Jae‘s character,Seong Gi Hun, changes his mind about getting on the plane? Who are the V.I.Ps? The questions are endless.

Hwang junho still alive guys pic.twitter.com/y8mUQ3lAv6

— َ (@wihajoonfiles) January 17, 2022

But given Ted Sarandos’s claim that the first season barely began the story, viewers can assume that not only will their questions be answered, but that there will be more exciting plot twists and surprises to look forward to.

"Squid Game" Season 2 Is Confirmed And Here Are The Best Fan Theories About What's In Store (1)

And, of course, since the series was released on Netflix, fans had already begun constructing elaborate theories to explain coincidences and make future predictions that may now come true in season 2.

So while viewers wait for more updates about this upcoming second season, here are some of the best fan theories about what might lie in store.

I’m excited for Squid Game 2 but then I remember my favorite characters are all dead pic.twitter.com/QVJbBOyl9Z

— 𝙃𝙄𝙈𝘽𝙍𝙊 ❤️‍🔥 (@brotaminz) October 18, 2021

1. Oh Il Nam is actually Seong Gi Hun’s father

One of the more popular fan theories about the show is that the two characters are actually related since Oh Il Nam doesn’t remember his son well, and Seong Gi Hun doesn’t remember his father. One TikTok user gave particularly detailed evidence.


Reply to @ruthbellpan LAST ONE WILL BLOW YOUR MIND 🤯 #squidgame #netflix #squid #okeh #theories #squidgames2

♬ MONEY – 리사 (LISA)

She references scenes where there are clear commonalities between Oh Il Nam’s talk of raising his son and Seong Gi Hun’s similar childhood.

For instance, they both recognize the neighborhood in the infamous marble game as being a recreation of the neighborhood they grew up in.

And the TikTok user noticed an even more compelling detail.

In the marble game, Oh Il Nam says that the 24th is close to his son’s birthday. And viewers have reason to suspect that Seong Gi Hun’s birthday is the 26th of August, based on the numbers he enters for the ATM machine, which would indeed be close to the 24th.

"Squid Game" Season 2 Is Confirmed And Here Are The Best Fan Theories About What's In Store (2)

2. The V.I.Ps are previous winners

Although viewers did not see much about the V.I.Ps who came to watch the final few games, we know that they have large amounts of money to spend on the games simply for entertainment’s sake. Which, of course, as we see from Seong Gi Hun’s earnings, absolutely could have come from winning a previous version of the game.

"Squid Game" Season 2 Is Confirmed And Here Are The Best Fan Theories About What's In Store (3)

But one Twitter user has a fascinating point about the V.I.P’s masks. While the masks make sense as a means of hiding their identity, just like how even the guards have the iconic shape masks, the V.I.P’s masks are specifically animal-shaped.

"Squid Game" Season 2 Is Confirmed And Here Are The Best Fan Theories About What's In Store (4)

This Twitter user suggests that the inspiration behind each of these animal shapes comes from the “money bank” in their respective games. So since there was a literal piggy bank in Seong Gi Hun’s iteration of the games, if he joined the V.I.Ps, he would be wearing a pig mask.

this Squid Game Theory omg.. What if the VIPs are previous winners of the game. Each VIP is wearing a different animal mask. The case that held the winners money was shaped as a pig head. Meaning GiHun will maybe join the VIPs wearing a pig mask? pic.twitter.com/WwLmmlc121

— ash (@doyoungter) September 30, 2021

3. Your choice of ddakji matters

A reasonably common theory about the recruiting game, ddakji, in which you try to flip over the other player’s square, is that the color the players select affects their participation in the game.

"Squid Game" Season 2 Is Confirmed And Here Are The Best Fan Theories About What's In Store (5)

The competitors in the game were all seen selecting the blue ddakji and, consequently, all ended up in the green uniforms as players.

"Squid Game" Season 2 Is Confirmed And Here Are The Best Fan Theories About What's In Store (6)

And the theory suggests that while we don’t see anyone selecting the red ddakji, those that did so also got recruited to the game, but instead of players, they took on the role of the workers. Who, all wear red-colored uniforms, matching the ddakji they selected.

"Squid Game" Season 2 Is Confirmed And Here Are The Best Fan Theories About What's In Store (7)

4. Your choice of ddakji matters… but make it “The Matrix” style

The movie The Matrix has an infamous choice between a red pill and a blue pill. In the film, if you take the blue pill, you are left living a life of blissful ignorance. While if you select the red pill, you are choosing to learn the possibly devastating truth about life.

Since the two options for ddakji are, just like in The Matrix, red and blue, one Twitter user connected the two stories.

"Squid Game" Season 2 Is Confirmed And Here Are The Best Fan Theories About What's In Store (8)

They suggested that Seong Gi Hun and the other players chose the blue ddakji because they were ignorant about the games. Until they win the ddakji money, they don’t even know the games exist, much less that it will be a fight to the death, the type of games they will play, or who funds and runs the games. They simply choose to accept the offer to join out of desperation for money, not second-guessing what that obtaining that money might cost.

But in the final scenes of the last episode of season one, Seong Gi Hun’s hair has been dyed red.

"Squid Game" Season 2 Is Confirmed And Here Are The Best Fan Theories About What's In Store (9)

The Twitter user suspects that this may be because Seong Gi Hun has started to learn the truth about the games, and in his scene of changing his mind to get on the airplane, he is showing that he will attempt to uncover the truth about the games. Turning away from taking his prize money and simply going about his life, and instead, once more, possibly confronting the brutality, violence, and chaos of the games.

And of course, there are simply theories that we all hope are true like…

5. Sae Byeok is alive

squid game theory:
Sae Byeok is alive because i said so!!!! pic.twitter.com/BWJwHJtTWr

— Belle 🏴 (@Hanathesith) September 29, 2021

While we all just want this to be true, there is a bit of hope for this theory as, unlike with all the other deaths in the games, we never hear that “number 67 is eliminated.”

And, of course, some more entertaining theories like…

6. BLACKPINK’s Jennie is the next game master

squid game theory: it was actually jennie who stabbed saebyeok in the neck and not sangwoo, but soon after retrieving saebyeok's body she revives her and becomes the next game master pic.twitter.com/NIR1jxnZUV

— Wai Anti (@REALLYREVIL) October 2, 2021

Although since Jennie isn’t wearing a mask or the players’ clothes in the photo she took with Jung Hoyeon, who played Kang Sae Byeok, this one may not hold up so well.

And maybe the most crucial theory that we need to have explained…

7. How did Hwang Jun Ho’s phone have any battery left

I need a squid game theory on how Joon Ho’s phone stayed charged throughout the entire show pic.twitter.com/B68MsTamYt

— Belle 🏴 (@Hanathesith) October 2, 2021

His phone really knew how to wait for the perfect cinematic timing…

What are your theories for what we might see in season 2?


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