Somaliland’s House of Elders approved a 27-month term extension for the House of Representatives and local councils in April 2026, citing security risks in eastern regions, technical and voter-registration shortfalls, and drought-related disruptions that prevented the original May 2026 polling date. This decision, taken after the National Electoral Commission’s earlier postponement request, shifted the mandate into 2028 and removed near-term election pressure. With no subsequent reversal or accelerated timetable announced through mid-October 2026, traders have assigned a 96 percent probability to no parliamentary vote before 2027. The three recognized parties—Waddani, Kulmiye, and UCID—remain positioned for the eventual contest, yet the extension itself continues to anchor market pricing. An earlier ballot would require either rapid resolution of eastern insecurity or an extraordinary Guurti reversal, both viewed as low-probability events under present conditions.