Who is the real villain in Squid Game?

Who is the real villain in Squid Game? Chronologically, Il-nam is the last player of the 33rd Squid Game to die, and one of only two returning players (alongside Seong Gi-hun) to survive the competition. There are theories that Gi-hun was the son of Il-nam due to both of them being lactose intolerant and Gi-hun being around the age his son supposedly was.

Chronologically, Il-nam is the last player of the 33rd Squid Game to die, and one of only two returning players (alongside Seong Gi-hun) to survive the competition. There are theories that Gi-hun was the son of Il-nam due to both of them being lactose intolerant and Gi-hun being around the age his son supposedly was.