Recent polling shows the Aleksandar Vučić-led United Serbia list holding 42–49 percent support ahead of the October 25 snap parliamentary election, with the main challenger—the Student List—gaining to 37–44 percent after smaller opposition parties withdrew and consolidated their front. Vucic’s resignation from the presidency to seek the prime minister role has framed the contest as a referendum on the ruling coalition’s record, while student-led protests over the 2024 Novi Sad station collapse and governance concerns continue to mobilize turnout. These dynamics, combined with Serbia’s proportional representation system and 3 percent threshold, keep the United Serbia vote share tightly contested between the 35–45 percent bands priced highest by traders. Further campaign developments or shifts in undecided voters could widen or narrow the gap before election day.