The Student List secured roughly 52.5–53% of the vote in Serbia’s October 25 snap parliamentary election, delivering an outright majority of about 140 seats in the 250-seat National Assembly. This outcome followed two years of student-led anti-corruption protests triggered by the 2024 Novi Sad railway station collapse that killed 16 people, high turnout near 69%, and Aleksandar Vučić’s Serbian Progressive Party list finishing below 40%. Official preliminary counts from the Republic Electoral Commission, corroborated by independent monitors, prompted Vučić’s concession on election night. With final results pending limited reruns at a small number of stations, trader consensus at 98.5% for 50%+ reflects the decisive margin and absence of viable challenges to the certified tally. Late procedural disputes or turnout adjustments remain the primary residual uncertainties before market resolution.