Alberto Núñez Feijóo leads trader pricing in Spain’s next prime minister market at roughly 80 percent because recent polls show his Partido Popular and Vox together on track for a parliamentary majority ahead of the November 29 snap election. Pedro Sánchez called the early vote after parliament rejected his housing decrees amid protests over rents and shortages, leaving his minority PSOE-led government exposed on cost-of-living concerns, migration pressures in Ceuta, and ongoing scandals. The latest surveys give the PP-Vox bloc around 198–200 seats, above the 176 needed, with Feijóo positioned to form the next administration even if coalition talks with Vox are required. Sánchez remains at about 17 percent in the market, reflecting limited prospects for repeating his prior alliances. Other named candidates trade near 0–2 percent, consistent with their low individual polling and the binary contest between the two main blocs. The market resolves on the individual who secures congressional confidence and takes office by early 2028.