The October 25 Serbian parliamentary election, called early amid prolonged anti-corruption protests triggered by the 2024 Novi Sad canopy collapse, features the United Serbia list led by Aleksandar Vučić—who resigned the presidency in late September to run for prime minister—against the Student List formed by the student movement. The Student List, certified after submitting extensive signatures and featuring academics and public figures, has consolidated opposition support and drawn international observation. Trader pricing reflects the ruling list's organizational and resource advantages alongside the Student List's momentum in a polarized campaign, with diaspora voting rules and administrative concerns adding uncertainty. This setup supports elevated odds for "another list wins" while distributing probability across Student List and United Serbia margin bands based on recent polling trends and campaign developments.