Keiko Fujimori holds a commanding lead in trader pricing for Peru's 2026 presidential election due to her established national organization and the confirmed June 7 runoff matchup against Roberto Sánchez. First-round results, finalized on May 15 after a prolonged count of the April 12-13 vote, placed Fujimori first with roughly 17 percent, ahead of Sánchez at 12 percent and Rafael López Aliaga in third. Sánchez's candidacy, backed by allies of jailed former president Pedro Castillo, has consolidated left-leaning support but faces persistent rejection among centrist and conservative voters. Fujimori's campaign benefits from reduced anti-Fujimorismo sentiment following her father's 2024 death and her party's congressional strength, which provides structural advantages in the polarized runoff. Upcoming debates and regional turnout patterns remain the primary variables that could shift the current market consensus before election day.