The question on every fan's mind has finally been answered, and the result is arguably the most controversial and shocking twist in the entire series. As of today, December 15, 2025, months after the highly-anticipated premiere of *Squid Game Season 3* on Netflix, the winner of the final, brutal round of games has been officially confirmed. While many expected Seong Gi-hun (Player 456) to finally dismantle the system or claim the prize, the ultimate victor is a character no one saw coming: a newborn baby, who became the sole survivor and heir to the massive ₩45.6 billion prize money.
This unprecedented conclusion to the final chapter of the global phenomenon has sparked intense debate across social media, with fans dissecting the ethical implications of the final challenge and Gi-hun's heartbreaking sacrifice. The third season, which premiered on June 27, 2025, was billed as the final installment, and it certainly delivered a dramatic, albeit divisive, ending that re-contextualized the entire premise of the deadly competition.
The Ultimate Sacrifice: How Gi-hun Died and the Baby Won
The finale of *Squid Game Season 3* delivered a gut-wrenching conclusion to Seong Gi-hun’s journey. Having re-entered the games with the singular goal of exposing and dismantling the organization, Gi-hun found himself facing the most emotionally manipulative and morally challenging final game yet.
The Final Game: A Test of Morality
The last challenge was a deadly version of 'Hide-and-Seek' set in a collapsing, labyrinthine structure. The remaining players were reduced to a handful, including Gi-hun, Player 222 (Kim Jun-hee), and her former partner, Player 333 (Lee). Crucially, Player 222 had brought her newborn baby into the game, believing she could protect it and win the prize for its future.
The game’s true horror was revealed when the remaining contestants realized only one person could survive. Player 333, in a desperate act of self-preservation, attempted to eliminate the baby, viewing it as the weakest link and an easy target to secure his win. This moment forced Gi-hun to make a final, defining decision.
Gi-hun’s Tragic End
In a scene that has become instantly iconic and deeply polarizing, Seong Gi-hun chose to protect the baby from the other desperate players. He shielded the infant with his own body, sacrificing his life to ensure the child’s survival. This act of pure altruism, a stark contrast to the greed that fuels the games, resulted in his death but secured the baby as the only remaining contestant.
The baby, the child of Player 222, was declared the sole survivor and the official winner of the ₩45.6 billion grand prize. The victory, however, was met with silence and confusion from the VIPs and The Front Man, who typically revel in the brutal conclusion. The outcome—a non-player, a symbol of innocence, winning the blood money—was an unexpected subversion of the game’s core philosophy.
Key Plot Details and Character Fates in Season 3
The final season was packed with intense drama, deep character exploration, and significant reveals that tied up many loose ends from the previous seasons. The narrative focused heavily on Gi-hun’s resolve and the organization's attempts to corrupt him.
The Front Man’s Backstory Revealed
One of the most compelling storylines was the further exploration of The Front Man's (Hwang In-ho) past. Season 3 finally revealed how he won his own game. It was confirmed that he did not win alone but received help from the previous organizer, Oh Il-nam (Player 001). This reveal highlights the cyclical nature of corruption and the organization's long-standing tradition of rigging the games to ensure their desired outcome, a tradition that Gi-hun actively fought against.
The Failed Rebellion and New Players
Season 3 featured a significant subplot involving a failed rebellion among the guards and a new group of desperate players. The season introduced several new, complex characters, including the tragic Player 222 (Kim Jun-hee) and the manipulative Player 333 (Lee), whose personal drama became central to the final showdown. The season also delved deeper into the VIPs' organization, showing their internal conflicts and the global scale of the dystopian games.
The Legacy and Future of the Dystopian Game
With the conclusion of *Squid Game Season 3*, the series has wrapped up its main narrative arc, leaving fans with a chilling message about morality, capitalism, and the value of human life. The ending is less about a clean victory and more about a moral triumph.
A Moral Victory vs. A True Victory
Gi-hun’s death is not a defeat but a moral victory. By sacrificing himself, he proved that humanity, compassion, and selflessness can still exist even in the most corrupt and brutal environment. His final act was a direct challenge to the VIPs' belief that every person has a price and that greed will always prevail. The baby winning the money, an innocent with no concept of the game's horror, serves as a powerful, unsettling symbol of a prize that can never truly be "won" by anyone who plays.
Will There Be a Spin-Off or Sequel?
While *Squid Game Season 3* was confirmed as the "final chapter" of the main story, the immense popularity and the open-ended nature of the organization itself leave room for future content. Potential spin-offs could explore:
- The Front Man's Past: A prequel series detailing his time as a player and his rise to power within the organization.
- Global Games: Exploring the other international versions of the Squid Game hinted at by the VIPs.
- The Baby's Future: A future-set series following the child and the consequences of inheriting the blood money.
For now, fans are left to contemplate the profound and disturbing ending of the main series. The winner of *Squid Game 3* is a testament to the series' commitment to delivering shocking, thought-provoking television that challenges the audience's expectations of a traditional "winner." The true victory was not the money, but the final, selfless act that defied the game's very existence.
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