**Aleksandar Vučić leads trader pricing for Serbia’s next prime minister at 62.7 percent implied probability, reflecting his Serbian Progressive Party’s (SNS) favored position ahead of the October 25 snap parliamentary election.** Vučić resigned the presidency on September 27 to head the “Aleksandar Vučić – United Serbia” electoral list as the party’s designated prime minister candidate, a constitutional maneuver that bypasses term limits on the presidency while positioning him for the more powerful executive role. Recent commercial polls have placed the SNS list near or above 48 percent, ahead of the main challenger “Students Win” slate formed by the protest movement. That movement, which grew out of nearly two years of student-led demonstrations following the November 2024 Novi Sad railway canopy collapse, has nominated figures such as cardiologist Ilija Srdanović (priced at 22.5 percent). Lower-priced names, including current or former officials such as Ana Brnabić, Ivica Dačić, and Miloš Vučević, trail because they are not leading their parties’ lists or face limited independent support. The election outcome will determine government formation and the subsequent appointment of the prime minister, with any coalition dynamics or shifts in late polling able to alter probabilities before results are finalized.