The Golden Globes nominations have delivered the first major shake-up of the Oscars 2026 race, forcing a reset across multiple betting markets. With several expected frontrunners underperforming and quieter contenders gaining momentum, probability is beginning to matter more than perception.

In this episode of Lights Camera What’s the Action?, we analyse how the Golden Globes have reshaped Best Picture and the acting races, examine the Oscar potential of Frankenstein and If I Had Legs I’d Kick You, and assess whether Jessie Buckley’s early Best Actress frontrunner status is under real threat.

We also explore why Golden Globes longshots often produce the most overlooked value of the awards season.