Aleksandar Vučić’s resignation from the presidency in September and his decision to lead the Serbian Progressive Party (SNS) list in the October 25 snap parliamentary election have positioned him as the frontrunner for prime minister, reflecting the party’s long dominance since 2012 and its organizational strength ahead of the vote. The election, called amid nearly two years of student-led protests over governance issues including corruption and institutional concerns, pits the SNS against the decentralized Student List coalition of political outsiders. Proportional representation in the 250-seat National Assembly means the outcome hinges on whether the ruling coalition secures a majority or workable majority, with the contest functioning as a de facto referendum on continued SNS control. Trader consensus around Vučić incorporates his established voter base and the timing of the early vote, while elevated uncertainty for alternative candidates stems from the fragmented opposition and the proximity of polling day.