The International 2026 features a tightly bunched field where Team Vision holds the narrowest edge in trader consensus at roughly 41 percent implied probability, followed closely by Team Liquid, Team Falcons, Team Spirit, and several others in the 7-14 percent range. Multiple squads have posted strong recent group-stage results and head-to-head records, while roster stability, patch adaptation, and playoff seeding remain fluid variables. Defending champions Team Falcons face potential post-event changes, yet their experience keeps them competitive, and underdogs like Nigma Galaxy and BoomBoys retain realistic paths through favorable brackets or momentum swings. This parity among top contenders, combined with the single-elimination volatility of Dota 2 majors, sustains the even market pricing.