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http://media.comicvine.com/uploads/1/10369/1274242-jli.jpg

vs

http://24.media.tumblr.com/tumblr_m05ccobLCG1rnvulyo1_500.jpg

Team 1:
Ice
Fire
Captain Atom
Booster Gold
Blue Beetle
Rocket Red

Team 2:
Superman
Big Barda
Batman Beyond
Aquagirl
Micron
Warhawk
Kai-Ro

I think Micron tips the scales.

Not only is team 2 roster a tad bigger but it also has superman and big barda.. Who in team 1 can handle these two while the rest of their team tends to the rest of team 2? A green lantern, a aggressive hawk man(war hawk), high tech batman and then their atlantean and version of atom.

Not saying team 1 can't be a threat but I don't see how they could pull off the win.