Serbia's snap parliamentary election on October 25, 2026, follows President Aleksandar Vučić's June announcement of his planned resignation and early vote amid nearly two years of student-led anti-corruption protests triggered by the 2024 Novi Sad railway station collapse. Vučić's Serbian Progressive Party heads the United Serbia list, which benefits from established organizational networks, media reach, and local structures ahead of a contest originally due in late 2027. Traders assign this list the highest implied probability, consistent with polling averages placing it ahead of the Student List–Students Win option, which has consolidated some opposition support but faces fragmentation among smaller parties. The outcome hinges on turnout patterns, final opposition alignments, and whether protest momentum narrows the gap before election day.