The Spanish general election on November 29 features the Broad Front (FA), a new left-wing coalition of parties including Sumar remnants, United Left, Más Madrid, and Comuns, contesting under Ada Colau after failing to secure a nationwide pact with Podemos. Recent national polls place FA vote share near 5.5–7 percent, with provincial D’Hondt projections clustering between 9 and 14 seats; the partial split with Podemos in most districts is viewed as a key constraint that fragments the left vote and raises the threshold for additional representation. Traders price the 9–11 and 12–14 brackets nearly even because small shifts in turnout or regional swings—especially in Madrid, Barcelona, and Valencia—can move the coalition across those thresholds. No major late-campaign events have yet produced decisive separation in the aggregates.