The 2024 Chihuahua state elections produced a narrowly divided congress, with PAN securing 12 seats through strong performance in majority-relative districts and Morena claiming 11-12 via a combination of direct and proportional representation, leaving both parties as the primary contenders for influence. Recent legislative activity in the LXVIII legislature, including quorum disputes, leadership rotations favoring PAN, and Morena-led opposition on key votes, has sustained trader focus on their relative strength. Ongoing positioning ahead of 2027 contests, coupled with stable but competitive polling trends between the two, continues to keep implied probabilities tight without decisive separation.