|Show your support by buying this Team Pennant! Equip it in the 'fan slot' of your Player Loadout to show other spectators who you're rooting for. Upgrade it to show you mean business! In addition, equipping a pennant makes you eligible for item drops while you spectate your team's matches live during Valve supported tournaments. Pennants can be combined with other Pennants to upgrade your Team Pennant fan level. The level of your Team Pennant will increase the total fan value of the team when you are spectating a Tournament match.|
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|Released||August 22, 2012 Patch|
Pennants are equippable items that allow users to show support for a team during tournaments, by increasing a team's Fan Level - visible in-game to other DotaTV users. Designated tournaments, such as The International 2, additionally allow for pennant holders to receive item drops. Anybody wearing a pennant representing any of the two teams involved in matches are eligible to receive tournament items from events such as first blood and multikills during that match - events are team-independant, e.g. in a game Na'Vi VS. IG, a player wearing a Na`Vi pennant can receive drops from events triggered by iG.
Pennants were first introduced and utilized during The International 2, and will be used for designated future tournaments.
 Pennant Upgrade
The Pennant Upgrade is a separate item that allows the user to upgrade the level of their Pennants by one, which can be done multiple times, consuming the item. Increasing the level of the Pennant is represented in the Fan Level ticker during matches, but does not increase the chances at receiving a tournament drop.
 Available Pennants
Absolute Legends Pennant
Evil Geniuses Pennant
Team Liquid Pennant
The Alliance Pennant
- While originally all 18 teams participating in The International 2 were supposed to get Pennants, only 16 teams got them. Moscow Five.BenQ and Mortal Teamwork both didn't receive a Pennant in the Dota 2 Store, due to paperwork issues.