**Recent polling for Serbia’s October 25 parliamentary election shows the Student List—formed by the student movement from 2024–2025 anti-corruption protests—competing closely with the ruling SNS-led “United Serbia” list, with surveys producing results scattered across the low-to-mid 40s.** Faktor Plus’s mid-September poll placed SNS at 48.6% and the Student List at 37.1%, while earlier CRTA and NSPM surveys showed the Student List ahead or nearly tied; BIRODI’s August model projected a Student List lead near 48.5%. Volatility stems from differing methodologies, high undecided shares, and uncertainty over youth and former non-voter turnout. Aleksandar Vučić’s September 27 resignation as president to lead the SNS campaign as prime-minister candidate has sharpened the contest, alongside the Student List’s rapid certification and 11-point reform platform. Traders price the outcome in the 40–50% range because mobilization on both sides, SPS performance, and threshold dynamics for smaller lists remain decisive factors in the final weeks.