Multiple regions enter Worlds 2026 with three or four teams apiece, creating a balanced field for the Swiss Stage where only eight squads advance to the knockout bracket. LCK and LPL each send four squads directly into Swiss play, including perennial contenders like Gen.G, Hanwha Life Esports, T1, Anyone’s Legend, and Bilibili Gaming, while LEC fields three with G2 Esports and Movistar KOI in the main draw. LCS, LCP, and CBLOL add further depth, and the single Play-In winner adds one more variable. This distribution, paired with the Swiss format’s emphasis on consistent wins over a short window and the inherent variance of best-of-series outcomes, leaves no region as a clear frontrunner for the highest knockout representation. Trader pricing reflects that uncertainty, with several regions clustered near even implied probabilities.