This market will resolve to "Horiguchi" if Kyoji Horiguchi is officially declared the winner of the fight against Tagir Ulanbekov at UFC Fight Night: Tsarukyan vs. Hooker, scheduled for November 22, 2025. It will resolve to "Ulanbekov" if Tagir Ulanbekov is officially declared the winner. If the fight is declared a draw or technical draw, ruled a No Contest, not scored, canceled, or postponed beyond December 6, 2025, this market will resolve "50-50." The resolution source for this market will be official information from the UFC.