Javier Milei leads the 2027 Argentine presidential race in recent first-round polling at 28-32 percent, ahead of Axel Kicillof at 19-30 percent, while runoff scenarios show near-parity or slight edges for either candidate depending on the survey. High government disapproval ratings above 55 percent and economic concerns have capped Milei’s support, yet fragmented Peronist and opposition fields limit challengers. Kicillof’s national positioning through his Movimiento Derecho al Futuro and consistent second-place standing in aggregates sustain his share. Sergio Massa and Patricia Bullrich trail further back amid limited momentum. Traders price this balance as a closely contested outcome one year before the October 2027 vote, with upcoming polls and economic data likely to influence shifts.