Nikola Jokic has taken over the top spot in the latest MVP Ladder, nudging past Shai Gilgeous-Alexander on November 14, 2025, thanks to a blistering all-around start that screams control and efficiency.

Oklahoma City Thunder guard Shai Gilgeous-Alexander is following up his 2024-25 MVP by doing the same things that won him the award in June.

Entering Week 4 of the NBA, Tyrese Maxey and Cade Cunningham have entered the MVP chat as long shots with Philadelphia and Detroit as two of the hottest teams in the NBA, while Victor Wembanyama ‘s 38 point night versus Chicago kept him in the top five of the MVP rankings.

Denver's star center has newfound dominance and his usual steadfast efficiency as he leads the way in a Top 5 in transition.

The MVP race is extremely competitive in the NBA season less than a month into it. Last season saw the award going to Shai Gilgeous-Alexander as a premiere two-way superstar. Nikola Jokić and Giannis Antetokounmpo have already each won multiple MVP Awards, but every award adds more to an all-time great player’s legacy.

Here are the early odds for the 2025-26 NBA Regular Season MVP — a snapshot of who sportsbooks currently view as the frontrunners. It’s interesting to see a mix of established stars and emerging names all in the mix.

On June 22, the Thunder won their first championship since relocating to Oklahoma City from Seattle in 2008. Shai Gilgeous-Alexander, the NBA MVP, played a vital role in securing the franchise's first title since 1979, after a historic regular season saw OKC win a franchise-record 68 games and set a new league record for average margin of victory.

It's never too early to check in on the NBA MVP race, especially in a season where the battle for the top spot is so hotly contested. Several superstars are giving everything they can to prove they're the best player in the world and earn that coveted MVP award.

Who are the favorites to take home the Most Valuable Player award in 2025-26? Below, we provide the odds for the top contenders, including Shai Gilgeous-Alexander. Learn more about the NBA on FOX Sports. FOX Sports created this story using technology provided by Data Skrive and data from Sportradar.

Vaughn Dalzell breaks down the NBA MVP race after Giannis Antetokounmpo's game-winner and Luka Doncic's big night in his return!