Marine Le Pen's July 2026 appeals court ruling upheld her embezzlement conviction but shortened her public-office ban to 15 months already served, preserving eligibility for the 2027 presidential race while imposing one year of home detention with electronic monitoring. She promptly appealed to the Court of Cassation, whose filing automatically suspends enforcement of the ankle-monitor sentence pending final review. The supreme court has scheduled proceedings with an expected decision before the April 2027 first round, and Le Pen has publicly committed to campaigning without restrictions during this period. No enforcement actions or new judicial rulings have altered this timeline as of mid-October 2026. Trader consensus on the "no" outcome at 90.5% reflects the suspension mechanism, procedural delays typical in French cassation appeals, and the absence of immediate sentence-execution steps that would force monitoring before the election.