T1's three-peat at Worlds 2023-2025, capped by their 3-2 grand finals victory over KT Rolster last November, has solidified LCK as the trader consensus favorite at 69% implied probability for Worlds 2026, bolstered by KT's undefeated streak and Gen.G's LCK Cup triumph in March during the ongoing 2026 Spring Split where multiple Korean squads top power rankings. LPL holds 24.5% as a strong challenger with mechanical depth from teams like Bilibili Gaming leading their season market, though recent international showings lag behind Korea. LEC's 9.7% reflects Spring playoff contention from VIT, GX, and NAVI, but persistent Worlds underperformance keeps Europe third; minor regions like LCS, LCP, and CBLOL trail below 1% amid weak global results.