The event marks the first Bellator card of the new year, as Cyborg challenges Budd for the featherweight title.
Also, Darrion Caldwell and Adam Borics collide in the Bellator Featherweight Grand Prix.
The event airs live on DAZN and you can check out both portions of the Countdown series from Bellator in the videos below.
Countdown: Julia Budd Vs. Cris Cyborg
Countdown: Bellator Featherweight Grand Prix Caldwell Vs. Borics
Complete Bellator 238: Budd vs. Cyborg Main Card:
10 p.m. ET/7 p.m. PT
Featherweight World Title Bout: Julia Budd (13-2) vs. Cris “Cyborg” (21-2, 1 NC)
Featherweight World Grand Prix Quarterfinal Bout: Darrion Caldwell (14-3) vs. Adam Borics (14-0)
Featherweight Main Card Bout: Henry Corrales (17-4) vs. Juan Archuleta (23-2)
Bantamweight Main Card Bout: Sergio Pettis (18-5) vs. Alfred Khashakyan (11-4)
Welterweight Main Card Bout: Raymond Daniels (1-1) vs. Jason King (8-5, 1 NC)
Strawweight Main Card Bout: Ava Knight (1-0) vs. Emilee King (3-3)
DAZN, Bellator.com & the Bellator Mobile App
7:30 p.m. ET/4:30 p.m. PT
Featherweight Preliminary Bout: Aaron Pico (4-3) vs. Daniel Carey (7-3)
Featherweight Preliminary Bout: AJ Agazarm (3-0) vs. Adel Altamimi (8-6)
Featherweight Preliminary Bout: Jay-Jay Wilson (4-0) vs. Mario Navarro (4-5)
Welterweight Preliminary Bout: Miguel Jacob (3-0) vs. David Pacheco (1-0)
Lightweight Preliminary Bout: Anthony Taylor (5-5) vs. Chris Avila (6-8)
180-Pound Contract Weight Preliminary Bout: Curtis Millender (17-5) vs. Moses Murrietta (8-3)
160-Pound Contract Weight Preliminary Bout: Brandon Bender (12-1) vs. Joshua Jones (9-5)
Lightweight Preliminary Bout: Ricardo Seixas (8-2) vs. Dominic Clark (14-9)
Featherweight Preliminary Bout: Tony Bartovich (Pro Debut) vs. Jarrett Connor (Pro Debut)