Their government has a spending limit so this could be the reason for the lower prize pool.
I'd assume one of the reasons for them to lower the prize pool is because they added a point system through different pro scenes and it had a $60m prize pool. If this system didn't exist we'd maybe see Dota get a bigger prize pool, but the reduction in prize pool is for the better if it means they'll include the other titles as well.
https://liquipedia.net/esports/Esports_World_Cup/2024There's another 1win tournament currently ongoing and we get to see some top-tier dotes between Gladiators and Team Spirit later in the grand final, while Entity and 1win fight for the third place. I would've taken the over maps for the finals, but unfortunately, I can't find the pre-live odds for this tournament.

Team Spirit did take the 1Win Summer tournament for Dota2 yesterday.
Yes I would have to agree with you there. Riyadh Masters is the next huge event for Dota2 and their time it begins on July 3rd their local time from what I remember seeing in a post on X.