**Alberto Núñez Feijóo leads the market at 79.5% as trader consensus reflects consistent polling advantages for his center-right People’s Party ahead of the November 29 snap election.** Pedro Sánchez called the early vote after parliament rejected his housing decrees amid protests over rents and evictions, alongside summer migrant pressures in Ceuta and ongoing scrutiny of government-linked issues. Recent surveys project the PP-Vox bloc securing a parliamentary majority, positioning Feijóo to form the next government, though coalition talks would follow results in Spain’s proportional system. Sánchez remains at 16.8% with limited upside in current data, while Vox’s Santiago Abascal and other figures sit far lower. The market closes in 2028, allowing for any post-election shifts before a new prime minister receives congressional confidence and is sworn in.