Who will win the 2026 Latvia parliamentary election?
Short Answer
1. Executive Verdict
- For Stability! showed strong momentum in 2025 municipal elections.
- National Alliance and United List are forming a strong pre-electoral bloc.
- Latvian voters prioritize economic issues over national security concerns.
- Incumbent parties faced significant disagreements on EU Green Deal legislation.
- Low public trust in national institutions challenges the ruling coalition.
Who Wins and Why
| Outcome | Market | Model | Why |
|---|---|---|---|
| Union of Greens and Farmers | 2.0% | 8.2% | The party aims to secure its position in the next parliamentary election. |
| New Unity | 35.0% | 27.1% | As an incumbent, the party seeks to retain its leading role in government. |
| The Progressives | 18.0% | 12.9% | The party campaigns to expand its parliamentary representation and influence. |
| National Alliance | 16.0% | 15.3% | The party will focus on its core voter base to secure election support. |
| Sovereign Power | 3.3% | 3.2% | This party plans to introduce its agenda to the electorate for parliamentary entry. |
2. Market Behavior & Price Dynamics
Historical Price (Probability)
3. Market Data
Contract Snapshot
The market resolves to Yes if New Unity wins the 2026 Latvia parliamentary elections, verified by the official electoral commission. Winning is defined as securing the most seats; in case of a tie, the party entering government, or then the one with the higher vote share, resolves to Yes, otherwise it resolves to No. The market opens December 23, 2025, and closes upon official declaration or by December 31, 2027, with potential extensions for annulled results or re-elections, subject to the December 31, 2027 hard deadline.
Available Contracts
Market options and current pricing
| Outcome bucket | Yes (price) | No (price) | Last trade probability |
|---|---|---|---|
| New Unity | $0.37 | $0.67 | 35% |
| Latvia First | $0.26 | $0.78 | 26% |
| The Progressives | $0.17 | $0.88 | 18% |
| National Alliance | $0.23 | $0.88 | 16% |
| Sovereign Power | $0.05 | $1.00 | 3% |
| For Stability! | $0.02 | $1.00 | 3% |
| Social Democratic Party "Harmony" | $0.02 | $1.00 | 3% |
| Union of Greens and Farmers | $0.03 | $0.99 | 2% |
| United List | $0.03 | $1.00 | 2% |
Market Discussion
Limited public discussion available for this market.
4. What are Evika Siliņa's SKDS approval ratings compared to coalition support?
| Coalition Support (March 2026) | 23.6% (SKDS, March 31, 2026) [^] |
|---|---|
| Coalition Support (November 2025) | 22.6% (SKDS, November 4, 2025) [^] |
| PM Siliņa's Personal SKDS Approval | Not available from provided sources [^] |
5. Which Party Gained Dominant Russian-Speaking Vote in Latgale 2025 Elections?
| Winning Political Force (2025) | 'For Stability!' (Stabilitātei!) in Latgale electoral district [^] |
|---|---|
| 'Harmony' (Saskaņa) Performance (2025) | Rapid decline, failed to win in Latgale cities [^] |
| Russian-Speaking Vote Consolidation | 'For Stability!' gaining dominant share from 'Harmony' [^] |
6. What Are Latvian Voters' Top Concerns in Late 2025?
| Top Voter Concern | Inflation/Cost of Living (42%) [^] |
|---|---|
| Perception of Economic Situation | Bad (57%) [^] |
| Trust in Latvian Government | 31% [^] |
7. What Is the Likelihood of Opposition Pre-Electoral Alliances Before 2026?
| National Alliance-United List Partnership | Actively pursued "future government partnership" as of February 2025 [^] |
|---|---|
| Latvia First Pre-Electoral Alliance | No specific public statements or joint legislative actions with United List or National Alliance identified before 2026 [^] |
| Probability of NA-UL Alliance | High probability of formal pre-electoral alliance before 2026 [^] |
8. Which Legislative Votes Caused Most Disagreement in Latvia?
| ETS Law Passage Attempts | Two failed attempts [^] |
|---|---|
| ETS Bills Quorum Issues | Repeatedly failed to ensure quorum [^] |
| Potential ETS Fines | At least 300 million euros [^] |
9. What Could Change the Odds
Key Catalysts
Key Dates & Catalysts
- Expiration: December 31, 2027
- Closes: December 31, 2027
10. Decision-Flipping Events
- Trigger: Catalyst analysis unavailable.
12. Historical Resolutions
No historical resolution data available for this series.
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