Team Liquid holds a 1-0 advantage over Karmine Corp in their best-of-five series at the MSI 2026 Play-In stage in Daejeon, South Korea. The match is part of a double-elimination bracket that will determine which teams advance to the main bracket stage.

Prediction markets on platforms like Coinbase, Kalshi, and Limitless.exchange have been actively trading contracts on the outcome of this series, turning a League of Legends matchup into a live financial instrument.

How we got here

The Play-In stage kicked off on June 28 and runs through July 1. Teams from various regions compete in a double-elimination format, meaning one loss doesn’t send you home, but two will.

Team Liquid, representing North America, arrived at this matchup riding momentum from a clean 3-0 sweep of Deep Cross Gaming.