Multiple LCK and LPL squads remain in tight contention during the ongoing Swiss stage, with Gen.G, Dplus KIA, Movistar KOI, and LYON all at 2-0 while several others sit at 1-1. This parity stems from inconsistent regular-season form across regions, strong recent international showings by Hanwha Life Esports and Bilibili Gaming, and the single-elimination knockout format that rewards one strong run over sustained dominance. T1’s title defense adds historical weight but faces stiff early tests, while underdogs like G2 and Anyone’s Legend retain realistic advancement paths. Trader consensus reflects this balanced field, where small swings in series results can shift implied probabilities among the leading contenders without establishing a decisive frontrunner.