**PAN holds a strong lead in trader assessments for the Querétaro state congress election scheduled for June 2027, reflecting the party's entrenched position in the state.** The National Action Party benefits from the current PAN governorship under Mauricio Kuri and consistent polling advantages ahead of the contest for 25 local deputy seats. Recent formal launch of the electoral process by the IEEQ on October 17, 2026, has focused attention on party positioning, with internal PAN surveys highlighting competitive candidates such as Felifer Macías. Morena has gained a simple majority in the current LXI Legislature through recent defections, yet trails in statewide voter sentiment. Other parties including MC, PRI, PT, and PVEM register lower implied probabilities consistent with historical patterns and limited recent momentum in Querétaro. Traders weigh these state-specific dynamics against the broader national context as the campaign timeline advances.