Oliveira is one of the longest-tenured UFC fighters, having spent over a decade with the promotion, while Chandler just signed with the UFC eight months ago. It took 27 fights for the Brazilian to get his first opportunity at UFC gold while the former Bellator champion needed only one fight to prove himself worthy for a seat at the table.

Oliveira enters the fight riding an eight-fight winning streak. He recently dispatched of former interim UFC lightweight champion Tony Ferguson in dominant fashion at UFC 256 while finishing seven of his last eight opponents inside of the distance. Chandler made his promotional debut at UFC 257 and knocked out Dan Hooker in the first round. 

With Dustin Poirier, Conor McGregor and Justin Gaethje all having had their opportunity at the championship, the UFC has decided that two fresh faces will enter the title picture and only one will leave with gold around their waist.

Here is everything you need to know about UFC 262. 

When is UFC 262: Oliveira vs. Chandler?

Date: Saturday, May 15 Time: 6:30 p. m. ET Main card (PPV): 10 p. m. ET Main event: 12:15 a. m. ET

UFC 262: Charles Oliveira vs. Michael Chandler takes place on Saturday with the early prelims kicking the event off at 6:30 p.m. ET, before the pay-per-view main card begins at 10 p.m. ET. Oliveira and Chandler should enter the Octagon around 12:15 a.m. ET, depending on the length of the undercard bouts.

How to watch UFC 262: Oliveira vs. Chandler

TV channels/live stream: ESPN, ESPN Deportes and ESPN+

The main card for UFC 262 is available in the U.S. on the ESPN+ subscription streaming service for a pay-per-view cost. That portion of the event begins at 10 p.m.

Earlier fights, however, are viewable live on ESPN, the WatchESPN app and, for the early prelims, on UFC Fight Pass.

In Canada, the main card pay-per-view is available on Bell, Rogers, Shaw, SaskTel, Videotron, Telus, Eastlink, and UFC PPV on UFC Fight Pass.

How much does UFC 262 cost?

$69. 99 (current ESPN+ subscribers) $89. 98 (new subscribers)

In the U.S., the UFC 262 main card is available via pay-per-view on ESPN+, which also requires a subscription. The PPV price for UFC 262 is $69.99 for current subscribers. New subscribers can pay a bundle price of $89.99  for the UFC 262 pay-per-view and an ESPN+ annual subscription, which offers a savings of over 30 percent.

Click here to learn about the different pricing and bundling options with the ESPN+ platform.

Where is UFC 262?

UFC 262 will take place at the Toyota Center in Houston, in front of a live crowd.

Oliveira vs. Chandler odds for UFC 262

Charles Oliveira: -142 Michael Chandler: +116

According to FanDuel Sportsbook on Saturday morning, Oliveira is the favorite at -134 with Chandler sitting at +114. With those odds, one would need to bet $134 on Oliveira to gain a $100 profit. A $100 wager on Masvidal would yield a $114 return.

Charles Oliveira record and bio 

Born: Oct.  17, 1989 Height: 5-10 Reach: 74 inches Total fights: 39 Record: 30-8 with one no-contest

Michael Chandler record and bio

Born: April 24, 1986 Height: 5-8 Reach: 71 inches Total fights: 27 Record: 22-5

UFC 262 fight card

Main Card

Charles Oliveira vs. Michael Chandler for vacant Lightweight title Tony Ferguson vs. Beneil Dariush; Lightweight Katlyn Chookagian vs. Viviane Araújo; Women’s Flyweight Shane Burgos vs. Edson Barboza; Featherweight

Preliminary card 

Ronaldo Souza vs. Andre Muniz; Middleweight Matt Schnell vs. Rogério Bontorin; Bantamweight Lando Vannata vs. Mike Grundy; Featherweight Andrea Lee vs. Antonina Shevchenko; Women’s Flyweight Jordan Wright vs. Jamie Pickett; Middleweight Gina Mazany vs. Priscila Cachoeira; Women’s Flyweight Kevin Aguilar vs. Tucker Lutz; Featherweight