**Alberto Núñez Feijóo leads trader pricing for Spain’s next prime minister at 73.5 percent, well ahead of incumbent Pedro Sánchez at 24.3 percent, with all other named figures at 1 percent or lower.** The sharp shift followed Prime Minister Pedro Sánchez’s October 5 announcement of a snap general election for November 29 after parliament rejected two emergency housing decrees backed by his minority coalition. The defeat highlighted the fragility of Sánchez’s parliamentary arithmetic once Catalan separatist support from Junts withdrew, leaving the government unable to pass key legislation. Recent polling aggregates place Feijóo’s center-right Popular Party (PP) first at roughly 31–33 percent, ahead of Sánchez’s PSOE at 25–27 percent and Vox at 18–19 percent. These figures project a combined PP-Vox majority in the 350-seat Congress, positioning Feijóo to form the next government. Sánchez is campaigning on housing affordability and progressive mobilization, while the opposition emphasizes immigration, economic pressures, and coalition stability. Market prices reflect traders’ assessment that the November vote and subsequent investiture process favor a change in leadership, subject to the final seat distribution and any post-election negotiations.