**Gen.G’s strong Swiss stage performance and consistent LCK dominance keep it the narrow favorite at roughly 47-48% implied probability, yet the market remains tightly bunched because Dplus KIA also finished undefeated while T1, Invictus Gaming, Top Esports, Bilibili Gaming, and Karmine Corp all advanced with competitive records.** Quarterfinal matchups (TES vs IG, Gen.G vs LYON, DK vs BLG, T1 vs KC) set up high-variance best-of-fives that reward recent form, macro execution, and draft adaptability over regular-season seeding. Multiple LCK and LPL squads have demonstrated the depth and roster stability needed to reach the bracket stage, leaving traders assigning meaningful probability to several outcomes rather than consolidating behind one clear frontrunner. The wisdom of crowds reflected in current pricing underscores how quickly momentum can shift once knockout series begin.