PP leads Spanish general election betting markets at 88% implied probability ahead of the November 29 snap vote called by Prime Minister Pedro Sánchez after parliament rejected his housing decrees. Multiple recent polls place the center-right Partido Popular on 32–34% national support, well ahead of PSOE on 26–27%, with Vox at 18% and the combined right-wing bloc projected to secure a comfortable parliamentary majority. The housing affordability crisis and related protests have dominated the early campaign, while Sánchez seeks to mobilize progressive voters against a potential PP-Vox government. These polling trends and the compressed timeline explain traders’ strong consensus around a PP victory in seat terms.