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[[folder:Post Season Two Theories]]
[[WMG: Madani was calling Frank about Barracuda.]]
At the end of season 2, Madani is working with the CIA and asks Frank to come on board to take out a dangerous, unnamed target. Frank refuses the mission. The target is Barracuda who would have been the villain for a third season.

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*** Confirmed.




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** Confirmed. Russo was mentioned ot have gone under reconstructive surgery.



* Essentially jossed. In the second season of ''Jessica Jones'', IGH was revealed to be an unorthodox medical research center, and Dr. Karl Malus cut ties with Dr. Kozlov when Kozlov decided to branch out to creating combat enhancers.

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* Essentially jossed. In the second season of ''Jessica Jones'', IGH was revealed to be an unorthodox medical research center, and Dr. Karl Malus cut ties with Dr. Kozlov when Kozlov decided to branch out to creating combat enhancers.
enhancers. Additionally, Operation Cerebrus is not brought up much in season 2.




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** Jossed. They do not appear.




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** Jossed.




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* Mostly jossed. The story doesn't take much from The Slavers. Amy gets Frank back in action but she was not a trafficking victim. Pilgrim works for the Schultz family but their motive is entirely different. Meanwhile, Krista was an antagonist.

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That’s a loaded statementm but think about it. At the end of season 1, we have Frank’s “but I am home” revelation.

In season 2, we get Amy, who the season beats you over the head that she’s what his daughter would have been like if Russo hadn’t killed Frank’s family. Frank, has issues, but those probably don’t just stem from him losing his family.

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That’s a loaded statementm statement but think about it. At the end of season 1, we have Frank’s “but I am home” revelation.

In season 2, we get Amy, who the season beats you over the head that she’s she is what his daughter would have been like if Russo hadn’t killed Frank’s family. Frank, has issues, but those probably don’t just stem from him losing his family.



The ONLY reason the preacher gets a happy ending is because Frank chose not to kill him. The preacher is essentially what Frank would have become eventually: an absentee father with a massive body count to his name.

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The ONLY reason the preacher gets a happy ending is because Frank chose not to kill him. The preacher is essentially what Frank would have become eventually: an absentee father with a massive body count to his name.
name, and someone holding his family hostage.

Their final fight with each other is borderlined absurd. Amy is free, so is the senator. The only one who actually needs help is the preacher. Yet, he and Frank have a fight to the (mostly) death anyways. This is because their violent nature is so heavily ingrained in them that they know no other way. It isn’t until Frank makes the conscious decision to select a choice other than what he would normally make, that the situation actually improves for everyone.

However, he wouldn’t have made this choice if Amy hadnt brought it up earlier. Amy essentially represents the part of Frank that’s missing, for him not to be the Punisher.
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[[WMG: Frank would have been a disaster as a father, and was always meant to be the Punisher]]
That’s a loaded statementm but think about it. At the end of season 1, we have Frank’s “but I am home” revelation.

In season 2, we get Amy, who the season beats you over the head that she’s what his daughter would have been like if Russo hadn’t killed Frank’s family. Frank, has issues, but those probably don’t just stem from him losing his family.

Throughout the season, we have Amy becoming an exposition machine, explaining Frank’s world and why things are the way they are. The key scene being their card game, where she and he come to fundamentally different conclusions:

Amy points out that the dealer is always able to react to the understanding of the customer, so customer is always on the losing end, even if they think they’re in control. Therefore, the only winning move is not to play.

Frank on the other hand, believes that if its the dealer who fixes the game, then you want to be the dealer, not the customer.

We fast forward to the preacher hitman. He still has his family, but nearly loses them by the end. He and Frank are so similar to each other that he’s almost a walking parody.

The ONLY reason the preacher gets a happy ending is because Frank chose not to kill him. The preacher is essentially what Frank would have become eventually: an absentee father with a massive body count to his name.

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** There is leaked footage form the set showing a scarred Russo. The audio is fuzzy but it sounds like he is shouting "You did this to me, Frank?" as if this was news to him so apparently memory loss does factor in to his arc in seaosn 2.

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** There is leaked footage form the set showing a scarred Russo. The audio is fuzzy but it sounds like he is shouting "You did this to me, Frank?" as if this was news to him so apparently memory loss does factor in to his arc in seaosn 2.
season 2.

[[WMG:The reason why Billy's face doesn't look so mangled in the season 2 footage is because he had reconstructive surgery.]]
[[RealityEnsues Because walking around with unhealed scars is very conspicuous, don't you think?]]






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\n** There is leaked footage form the set showing a scarred Russo. The audio is fuzzy but it sounds like he is shouting "You did this to me, Frank?" as if this was news to him so apparently memory loss does factor in to his arc in seaosn 2.
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Krista Dumont is a new character with no ties to the comics. But her character description as a psychotherapist makes it seem like she'll be heavily associated with Curtis. Perhaps Curtis brings the psychotherapist into the veterans circle to help out with the sessions. Since it's unlikely that Karen Page will make any appearances in ''The Punisher'' season 2 (seeing as a lot of the season's filming overlapped with the filming for ''Daredevil'' season 3, limiting Deborah Ann Woll's availability), perhaps Krista will be an advisor of sorts to Frank and serve a role with him similar to what Father Lantom has with Matt over in ''Daredevil''.

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Krista Dumont is a new character with no ties to the comics. But her character description as a psychotherapist makes it seem like she'll be heavily associated with Curtis. Perhaps Curtis brings the psychotherapist into the veterans circle to help out with the sessions. Since it's unlikely that Karen Page will make any appearances Karen's potential role in ''The Punisher'' season 2 (seeing as a lot of is very limited (by the fact that the season's filming heavily overlapped with the filming for ''Daredevil'' season 3, limiting on which Deborah Ann Woll's availability), Woll is the female lead), perhaps Krista will be an advisor of sorts to Frank and serve a role with him similar to what Father Lantom has with Matt over in ''Daredevil''.

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[[WMG: Wilson Fisk will appear as Season 2's BigBad.]]
And he'll have hired [[spoiler:Russo as Jigsaw]] as TheDragon to his newly forged empire he's had in ''Daredevil'''s second season.

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[[WMG: Wilson Fisk [[WMG:Speculation about the new characters for season 2]]

Given reports of season 2 taking influence from the Slavers storyline, Anderson and Eliza Schultz
will appear as Season 2's BigBad.]]
And
either be the stand-ins for the Bulats or they are working with them. Maybe Anderson and Eliza are their main contacts in the U.S. since Tiberiu and Cristu are mainly working out of Eastern Europe. Nobody suspects them since they don't seem like the "criminal type" and they can get out of trouble since they're wealthy, upper class citizens.

Amy Bendix, the street smart grifter with a mysterious past, is the one who gets Frank back into action. Perhaps she's a trafficking victim who escaped, or she's looking for a friend who was captured by the slavers, or she's connected to the Schultz family and is seeking redemption, or wants revenge for her father (her father in the comics was a small-town Sheriff). She convinces Frank to go after the Schultzs when she tells him all about their horrible activities. In ''Daredevil'' season 2, Frank beat a pawnshop owner to death with a baseball bat for selling child pornography, imagine what
he'll have hired [[spoiler:Russo do to an organization of human traffickers.

It's possible that John Pilgrim will be the Lewis Wilson of season 2. From a released set photo, he might be the MCU Mennonite, the assassin-turned-religious man.

Krista Dumont is a new character with no ties to the comics. But her character description
as Jigsaw]] a psychotherapist makes it seem like she'll be heavily associated with Curtis. Perhaps Curtis brings the psychotherapist into the veterans circle to help out with the sessions. Since it's unlikely that Karen Page will make any appearances in ''The Punisher'' season 2 (seeing as TheDragon a lot of the season's filming overlapped with the filming for ''Daredevil'' season 3, limiting Deborah Ann Woll's availability), perhaps Krista will be an advisor of sorts to his newly forged empire he's had Frank and serve a role with him similar to what Father Lantom has with Matt over in ''Daredevil'''s second season.
''Daredevil''.
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* Essentially jossed. In the second season of Jessica Jones, IGH was revealed to be an unorthodox medical research center that severed ties with Nuke’s doctor once it was revealed he wanted to make super soldiers.

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* Essentially jossed. In the second season of Jessica Jones, ''Jessica Jones'', IGH was revealed to be an unorthodox medical research center that severed center, and Dr. Karl Malus cut ties with Nuke’s doctor once it was revealed he wanted Dr. Kozlov when Kozlov decided to make super soldiers.
branch out to creating combat enhancers.

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* Essentially jossed. In the second season of Jessica Jones, IGH was revealed to be an unorthodox medical research center that severed ties with Nuke’s doctor once it was revealed he wanted to make super soldiers.
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[[WMG: Fisk will appear in Season 2.]]

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[[WMG: Wilson Fisk will appear in as Season 2.2's BigBad.]]
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[[WMG: Fisk will appear in Season 2.]]
And he'll have hired [[spoiler:Russo as Jigsaw]] as TheDragon to his newly forged empire he's had in ''Daredevil'''s second season.
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[[WMG: Martin Soap will appear]]
And he be a DeconstructedCharacterArchetype of the ButtMonkey, showing that someone who suffers such over the top abuse will eventually fall apart mentally. Soap snaps, tracks down his abusive parents who abandoned him, murders them, and then begins to become convinced that there's a conspiracy to make him miserable and kills many of his abusers in life in graphic ways. Ultimately, Soap realizes that there is no conspiracy and that his life just sucks, and that if he goes to jail it'll be '''even worse''', so he [[DrivenToSuicide kills himself before he can be captured.]] Any attempts of Frank's to use him as a contact in the police beforehand will be in vain due to Soap either begging him to not drag him into situations that would most definitely end up with Soap dead (Frank only relenting because Soap just comes across as to pathetic to help him as a result).
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[[WMG:The Gnuccis will be antagonists in season 2]]
They'll learn about Frank's involvement in the massacre of the poker game, and want revenge on him.
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Frank takes lots of damage pretty yet seems to recover from serious injuries much faster than any other human would.

But Operation Cerberus was a secret CIA hit squad and chosen from the best of Force Recon, [=SEALs=], etc. They would be going into the worst of situations and needed to be the best. Maybe, to give them an edge, Rawlins arranged for IGH (which was already working with the military) to supply him with combat drugs to make his men tougher, faster, more focused and heal faster. This isn't the same stuff Will Simpson was using, but something different, possibly an earlier or a lower dose version. The version we saw Simpson popping in ''Jessica Jones'' cause insanity. The Agent Orange version does the same thing, but at a much lower degree and just exacerbates their natural tendencies (Billy Russo's greed, Rawlins's power, Frank's dedication, Gunner's integrity, etc).

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Frank takes lots of damage pretty yet seems to recover from serious injuries much faster than any other human would.

But
would. He takes some pretty severe torture from Rawlins in episode 12, yet one episode later is recovered enough to once again fight Russo.

We know that
Operation Cerberus was a secret CIA hit squad and chosen the operatives were handpicked from the best of Force Recon, [=SEALs=], etc. They would be going into the worst of situations and needed to be the best. Maybe, to give them an edge, Rawlins arranged for IGH (which was already working with the military) to supply him with combat drugs to make his men tougher, faster, more focused and heal faster. This isn't the same stuff Will Simpson was using, but something different, possibly an earlier or a lower dose version. The version we saw Simpson popping in ''Jessica Jones'' cause insanity. The Agent Orange version does the same thing, but at a much lower degree and just exacerbates their natural tendencies (Billy Russo's greed, Rawlins's power, Frank's dedication, Gunner's integrity, etc).
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* Based on dialogue at the season one finale, he may have partial amnesia. The only thing he'll remember is his hatred for the Punisher for what he did to his face. He'll end up working for the mob.

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But Operation Cerberus was a secret CIA hit squad and chosen from the best of Force Recon, SEALs, etc. They would be going into the worst of situations and needed to be the best. Maybe, to give them an edge, Rawlins arranged for IGH (which was already working with the military) to supply him with combat drugs to make his men tougher, faster, more focused and heal faster. This isn't the same stuff Will Simpson was using, but something different, possibly an earlier or a lower dose version. The version we saw Simpson popping in ''Jessica Jones'' cause insanity. The Agent Orange version does the same thing, but at a much lower degree and just exacerbates their natural tendencies (Billy Russo's greed, Rawlins's power, Frank's dedication, Gunner's integrity, etc).

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But Operation Cerberus was a secret CIA hit squad and chosen from the best of Force Recon, SEALs, [=SEALs=], etc. They would be going into the worst of situations and needed to be the best. Maybe, to give them an edge, Rawlins arranged for IGH (which was already working with the military) to supply him with combat drugs to make his men tougher, faster, more focused and heal faster. This isn't the same stuff Will Simpson was using, but something different, possibly an earlier or a lower dose version. The version we saw Simpson popping in ''Jessica Jones'' cause insanity. The Agent Orange version does the same thing, but at a much lower degree and just exacerbates their natural tendencies (Billy Russo's greed, Rawlins's power, Frank's dedication, Gunner's integrity, etc).
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[[WMG:Operation Cerberus was part of the IGH conspiracy]]

Frank takes lots of damage pretty yet seems to recover from serious injuries much faster than any other human would.

But Operation Cerberus was a secret CIA hit squad and chosen from the best of Force Recon, SEALs, etc. They would be going into the worst of situations and needed to be the best. Maybe, to give them an edge, Rawlins arranged for IGH (which was already working with the military) to supply him with combat drugs to make his men tougher, faster, more focused and heal faster. This isn't the same stuff Will Simpson was using, but something different, possibly an earlier or a lower dose version. The version we saw Simpson popping in ''Jessica Jones'' cause insanity. The Agent Orange version does the same thing, but at a much lower degree and just exacerbates their natural tendencies (Billy Russo's greed, Rawlins's power, Frank's dedication, Gunner's integrity, etc).

All of the members of Operation Cerberus would have taken it and it would explain why they seemly were tougher than usual Special Ops guys. It was really effective on Frank for some reason and it made him borderline superhuman, but nothing like Jessica, Luke or Matt.

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!!Pre-Release Theories

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!!Pre-Release Theories
[[folder:Pre-Release Theories]]



* Confirmed. [[CrowningMomentOfAwesome And it was awesome.]]

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* Confirmed. [[CrowningMomentOfAwesome And it was awesome.]]]]
[[/folder]]

[[folder:Season Two Theories]]
[[WMG: Jigsaw will return]]
Russo will have a face full of scars and finally resemble his comic namesake.
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*Semi-jossed. There's no indication that Frank was born "Francis Castiglione", but he ''does'' use the alias "Pete Castiglione" when he's laying low as a construction worker in the first episode.



* Jossed. Matt isn't brought up, but Karen's attitude during her appearances on the show, especially when she first meets Frank, indicates Matt's "death" is still pretty fresh for her.

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* Jossed. Matt isn't brought up, even mentioned, but Karen's attitude and clothing choices during her limited appearances on the show, especially when she first meets Frank, indicates Matt's "death" is still pretty fresh for her.
her. In fact, it might have been merely a week or two since Midland Circle when the events of ''The Punisher'' kick off, as the Empire State Building is seen lit up in red in the distance during an early scene while Frank is working on the construction site, just like it was in Danny's last scene in ''The Defenders''.
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* Jossed, his only alias is Pete Castiglione.

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* Jossed.




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* Confirmed.




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* Jossed. Matt isn't brought up, but Karen's attitude during her appearances on the show, especially when she first meets Frank, indicates Matt's "death" is still pretty fresh for her.



In the second trailer, we see Frank punching Rawlins while under his command. We often see Rawlins with a scar around his socket and a discolored eye in other trailers and teasers. This was caused by Frank hitting him. It would be in keeping with the comics as Frank took his eye during a torture session.

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In the second trailer, we see Frank punching Rawlins while under his command. We often see Rawlins with a scar around his socket and a discolored eye in other trailers and teasers. This was caused by Frank hitting him. It would be in keeping with the comics as Frank took his eye during a torture session.session.
* Confirmed. [[CrowningMomentOfAwesome And it was awesome.]]
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* Jossed. Russo was TheDragon, but the ManBehindTheMan was [[spoiler:CIA Agent Rawlins.]]




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* Semi-confirmed. He is the final enemy Frank puts down in the season, but he wasn't the one running all the operations, or the one ultimately responsible for the murder of Frank's family ([[spoiler:he wasn't even there when it happened]]).
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* Confirmed, briefly. It contributes to another character JumpingOffTheSlipperySlope.
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* Semi-Confirmed. The show never states one way or the other that Schoonover was "The Blacksmith", but it does reveal [[spoiler:he was not the head of the drug-running operation. That was CIA Agent Rawlins.]]
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* Brutally confirmed. Frank manages to shoot him in the left cheek, then run the right side of his face down a broken mirror lacerating it extensively, before ramming him face-first into the glass [[OverlyLongGag again and again and again,]] then deciding not to kill him before [[UpToEleven giving him one last massive slam, leaving him with shards of glass sticking out of his face.]]
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Sort of. Micro's wife thinks he's dead, and while she interacts a lot with Frank (often at Micro's insistence), she knows him as "Pete," not Frank "The Punisher" Castle.
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[[WMG: Billy Russo will get facial scarring at some point in the series]]

Odds are that he'll wind up looking like Tyrion Lannister after the battle of Blackwater Bay at some point before the end of the season, courtesy of Frank Castle.

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In the second trailer, we see Frank punching Rawlins while under his command. We often seen Rawlins with a scar around his socket and a discolored eye. This was caused by Frank hitting him. It would be in keeping with the comics as Frank took his eye during a torture session.

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In the second trailer, we see Frank punching Rawlins while under his command. We often seen see Rawlins with a scar around his socket and a discolored eye.eye in other trailers and teasers. This was caused by Frank hitting him. It would be in keeping with the comics as Frank took his eye during a torture session.
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Also, look at Karen in the set photos from the park bench. She kinda looks like she's in mourning.

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Also, look at Karen in the set photos from the park bench. She kinda looks like she's in mourning.mourning.

[[WMG: Rawlins' eye wound was caused by Frank punching him.]]
In the second trailer, we see Frank punching Rawlins while under his command. We often seen Rawlins with a scar around his socket and a discolored eye. This was caused by Frank hitting him. It would be in keeping with the comics as Frank took his eye during a torture session.

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