Paper Rex enters the later stages of Valorant Masters London 2026 as the clear frontrunner after strong Pacific league form and playoff wins, including a 2-1 upper-bracket semifinal victory over Team Vitality. Their consistent map control and experience in international brackets underpin the 62.5% implied probability. EDward Gaming sits at 18.9% after advancing from the China region with solid recent results and a favorable upper-bracket path against Paper Rex. Team Vitality holds 14.0% despite the recent loss, remaining alive in the lower bracket with EMEA momentum intact. Leviatán trails at 7.4%, needing lower-bracket runs after Americas qualification. Bracket positioning, recent series results, and regional form continue to shape trader consensus around these four squads.