Chiang Wan-an maintains a leading implied probability in the Taipei mayoral race due to his incumbency as the Kuomintang nominee, established administrative record on infrastructure, childcare expansion, and urban renewal, plus the party's traditional organizational edge in the capital. Recent polling has shown a sharp shift, with Democratic Progressive Party challenger Puma Shen gaining ground through grassroots efforts and closing or reversing gaps in surveys released in mid-to-late October. A televised debate is scheduled, and both campaigns are emphasizing turnout and local policy contrasts ahead of the November 28 vote. Minor candidates including Kuo Hsi register negligible trader support. The market pricing reflects traders' assessment of structural factors and historical patterns outweighing the latest survey movements.