CS2 Majors have established a clear lead in peak concurrent viewers, average audience, and total watch hours through 2026, highlighted by the IEM Cologne Major’s record 2.75 million peak and over 100 million hours watched. VALORANT’s flagship events, including recent Masters and the ongoing Champions 2026, have posted lower figures around 1.47 million or below at their strongest peaks, with consistent gaps in S-tier comparisons excluding Chinese platforms. Counter-Strike’s longer history, concentrated Twitch audience, and roster-driven storylines sustain higher engagement, while VALORANT’s broader platform split and regional growth have not yet closed the differential. This performance gap underpins trader consensus favoring sustained CS2 dominance at major events. A breakthrough VALORANT Champions final or unexpected surge in co-streaming and non-English broadcasts could narrow margins, though structural audience differences make reversal unlikely before year-end.