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2026 will be the first time Santiago, Chile, hosts a Master’s tournament in the VALORANT Champions Tour. It will also mark the first time a VCT Masters event is held in Latin America (outside of the LOCK//IN Kickoff series event in São Paulo in 2023, which was not technically a Masters international tournament). The event is situated between the VCT Kickoff events and the season-final Champions event.

VALORANT Masters Santiago 2026 is to be held between February 28, 2026, and March 15, 2026, bringing together top teams from around the world. In addition to the substantial prize, they’ll compete for Championship Points, which are crucial for qualifying for the Champions 2026 (the world championship) in Shanghai later.

The event in Santiago is organized and administered by Riot Games, the developer and organizer of the VALORANT video game and the VCT.

Venue, Competitors’ Structure, and Prize Pool Overview for the VALORANT Masters Santiago 2026

The official venue for VALORANT Masters Santiago 2026 is Espacio Riesco, Chile’s largest and most modern convention, exhibition, and event center.

Twelve teams will participate in this fully offline, LAN tournament (in-person live event). As of now, the official prize pool for VALORANT Masters Santiago 2026 hasn’t been publicly announced by Riot Games, meaning we also don’t have exact figures for how it will be distributed among placements.

Participating Teams in the VALORANT Masters Santiago 2026 and Qualification Overview

There’s no official full list of the 12 teams yet because qualification is still ongoing via regional Kickoff events.

This is how the teams will be determined: three teams from each of the four VCT international regions:

• • Americas
  • EMEA
  • China
  • Pacific

Such a qualification path, i.e., teams earning their spots through the VCT 2026 Kickoff events in each region, which will be held early in the season (January–February 2026), is new for 2026 and expands the number of teams compared to previous Masters events.

Structure and Match Format of the VALORANT Masters Santiago 2026

VALORANT Masters Santiago 2026 won’t have separate internal stages like a “group stage + playoff” split in the traditional sense — the tournament itself is a single stage spanning the full dates above.

As for the elimination system, it will be a bracket-based tournament (no Swiss or round-robin) — Riot Games has shifted all VCT events, including Masters, to a bracketed, playoff format for 2026.

Note: Riot has announced a blanket move away from group or Swiss formats toward bracket formats across global events in 2026, but exact bracket details for Masters Santiago (double vs. triple elimination) haven’t yet been fully detailed publicly. If specific published formats (e.g., detailed bracket rules) are released later, those will supersede this explanation.

While the specific official match-by-match rules for VALORANT Masters Santiago 2026 haven’t been fully published yet, based on tentative schematics from several reputable sources for Masters events, early playoff matches are typically best-of-3 (bo3), with the upper and lower bracket finals & grand final typically best-of-5 (bo5). This pattern mirrors recent Masters events with 12 teams (e.g., the 2025 Masters in Toronto) and is expected to carry over to Santiago.

The VALORANT Masters Santiago 2026 Favorites, Betting Options, and Where to Watch

Since qualifiers for the Masters in Santiago didn’t even start, we can only point to likely main tournament favorites based on strong team performance and presence in VCT leagues heading into 2026. These are top-tier international organizations with strong track records:

From VCT Americas

• Sentinels – perennial North American contender.
• Cloud9 – historically top finishes in regional play.
• 100 Thieves / ENVY – roster rebuilds but strong core talent.

From VCT EMEA

• Fnatic – long-standing international contenders.
• Team Liquid – consistent in play and deep roster.
• Team Vitality / Team Heretics – likely strong EMEA qualifiers.

From VCT Pacific

• Paper Rex – Masters Toronto 2025 champions and perennial power.
• DRX / T1 – strong Pacific results and international experience.

From VCT China

• EDward Gaming – strong Chinese scene performance historically.
• Bilibili Gaming / Xi Lai Gaming – consistent VCT China performers.

Because official odds for Santiago haven’t been published yet, betting markets typically go live once regions finish Kickoff qualification, and teams are officially announced. Every esport bookmaker deemed as eSports-friendly usually offers VALORANT markets, e.g.:

• BetOnline
• SportsBetting.ag
• Bovada

These platforms often provide markets like:

• Moneyline — pick the team to win.
• Total maps over/under — will maps go over a certain count.
• Handicap bets — team must win by a certain map margin.
• Prop bets — specific in-match occurrences (first blood, pistol rounds, etc.).

VALORANT Masters Santiago 2026 will be broadcast live via official Riot channels — similar to other VCT events:

Official streams

• Twitch — VALORANT Esports channel
• YouTube — VALORANT Esports official channel

Both provide live English broadcasts with talent coverage, match commentary, and analysis during the event.

Local & regional streams – in addition to English feeds, expect:

• Spanish broadcasts (especially for LATAM audiences)
• Portuguese, French, German, Korean/Japanese/Chinese, depending on region interest — these are typical for VCT global events.

In-person viewing

• Fans can attend live at Espacio Riesco in Santiago, Chile, from Feb 28 – Mar 15, 2026, as tickets are being sold through Punto Ticket.

Pros and Cons of Holding VALORANT Masters for the First Time in Latin America