The 2026 Preakness Stakes is set to run on Saturday, May 16 at 6:50 p.m. ET, moving to Laurel Park in Maryland for this year's second leg of the Triple Crown. With Kentucky Derby winner Golden Tempo sitting this one out, the path to a Triple Crown champion is officially closed for 2026—but that doesn't mean the action at Pimlico's temporary home will be any less thrilling.

Leading the charge is Iron Honor, the 9-2 morning-line favorite, who drew the No. 9 post position. He'll have plenty of company at the top of the odds board, with Incredibolt (No. 12), Taj Mahal (No. 1), and Chip Honcho (No. 6) all sitting at 5-1. That kind of tight competition suggests a wide-open race where strategy and a clean break could make all the difference.

Last year's Preakness saw Journalism take the win as the favorite, holding off Gosger and Sandman in a nine-horse field. This year's edition features a deeper 14-horse lineup, promising even more drama as these contenders chase glory in the middle jewel of the Triple Crown.

Here's the full field with post positions and morning-line odds for the 2026 Preakness Stakes: