Good assets to be fair, yes, but on the flip side you have Doom (far and away the strongest prep guy on the field) and his resources, Loki's and Enchantress' connections to Asgard, Dracula's resources as lord of the vampires, and two powerful bricks that can definitely benefit from the brains of the groups "upgrading" them or something.
With prep, Doom stomps. He probably ends up stealing everyone's powers and the Celestrial tech while he's at it.
Without prep, it's a better fight, though the magical mojo on Team 2 - Doom, Loki, and Enchantress will probably give them the win. Team 1's only real hope is if this is the Goblin Queen Madelyn Pryor.