IBOV 205,082.56 ▲ 0.47% IPSA 10,746.36 ▼ 0.31% IPC MEX 69,879.62 ▼ 0.01% MERVAL 3,017,221 — — COLCAP 2,540.10 ▲ 0.46% BVL PERÚ 57,021.19 ▲ 0.13% USD/BRL5.00▲ 0.38% USD/MXN18.68▲ 0.04% USD/CLP994.76▼ 0.06% USD/COP3,131▼ 0.44% USD/PEN3.45▼ 0.07% USD/ARS1,529▼ 0.02% USD/UYU40.08— 0.00% USD/PYG5,760— 0.00% USD/BOB11.78— 0.00% USD/DOP61.11▲ 0.03% USD/CRC452.44— 0.00% USD/GTQ7.64— 0.00% USD/HNL26.87— 0.00% USD/NIO36.62— 0.00% USD/VES885.08▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.72— 0.00% EUR/BRL5.61▲ 0.93% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 205,082.56 ▲ 0.47% IPSA 10,746.36 ▼ 0.31% IPC MEX 69,879.62 ▼ 0.01% MERVAL 3,017,221 — — COLCAP 2,540.10 ▲ 0.46% BVL PERÚ 57,021.19 ▲ 0.13% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
since 2009
Sunday, October 25, 2026

Serbia Ruling List Leads Early Count at 54%

By · October 25, 2026 · 4 min read
Belgrade before a large student-led rally in March 2025
Belgrade before a large student-led rally in March 2025. File photo. (Photo: Emilija Knezevic, CC BY 4.0, via Wikimedia Commons)

Published Sunday, 25 October, 4:55 p.m. ET · Source: Republic Electoral Commission (RIK)

Key Facts

  • Count: The Republic Electoral Commission (RIK), Serbia’s state election body, has counted 203 of 8,392 polling stations.
  • United Serbia: 54.21%, the list led by President Aleksandar Vučić’s Serbian Progressive Party (SNS).
  • Student List: 36.85%, the ticket backed by the student-led anti-government protests.
  • Turnout: 64.89% by 18:00 CET (1:00 p.m. ET), RIK’s last interim figure we could confirm.
  • Prediction markets: Polymarket, a prediction-market platform, prices the Student List at 97% to win the most seats, 4:41 p.m. ET.

Serbia’s election commission reports that President Aleksandar Vučić’s United Serbia list leads the first count with 54.21% of the vote. The Student List, backed by the student-led anti-government protests, has 36.85%.

The figures cover only 203 of 8,392 polling stations, about 2.4%, so they are an early snapshot rather than a result. Our earlier reports on election day, the ruling list’s favoured status and the split in the final polls explain what is at stake.

What the First Count Shows

RIK published the figures after polls closed at 20:00 CET, which is Central European Time (3:00 p.m. ET). The figures are partial counts, not the final result.

Only 2.4% of stations have been counted, so the shares can still shift as more results arrive. Early counts can come from places that vote differently from the nation as a whole.

Voters are choosing all 250 seats of the National Assembly, and a list needs 3% to enter parliament. The two lists above account for 91.06% of the votes counted so far, which leaves 8.94% for the other 16 lists.

Crowd waving Serbian flags at a night protest in central Belgrade
File photo: Serbian flags at a night protest in central Belgrade.

Turnout Climbed Through the Day

RIK data show turnout of 19.72% at 10:00 CET, 34.55% at 12:00 and 46.53% at 14:00. It reached 56.38% at 16:00 and 64.89% at 18:00 CET (1:00 p.m. ET), out of about 6.45 million registered voters.

What Prediction Markets Say

On Polymarket, a prediction-market platform, traders priced the Student List at 97% to win the most seats in parliament at 4:41 p.m. ET on 25 October, after the first RIK figures. The market had traded US$8.86 million.

The price differs sharply from the early count, which covers only 2.4% of stations. Prices are last-traded bets, not polls, and they can move quickly as more stations report.

Why we show this: prediction markets turn real-money bets into a live probability that moves within minutes of the news, which is why investors, campaigns and newsrooms in the United States now follow them closely. We show them next to polls and official results, never instead of them.

What It Means for You

If you follow European politics from the United States, this count is the first hard number on whether a long-dominant leader can hold off a youth-led protest movement. Serbia’s direction matters for the balance between its Western ties and its links to Russia and China.

If you plan to travel to Serbia, expect rallies in Belgrade while the count continues and check your government’s travel advice. See also our reports on the 6.45 million registered voters and the final pre-vote polls.

What Is Not Known

The winner and the final turnout are not confirmed, and the 203 stations may not represent the country. Seat totals cannot be projected from such a small share of the count.

RIK has not yet published a final result. We will update this report as it does.

Sources

Republic Electoral Commission of Serbia (RIK) · Polymarket · The Rio Times Serbia election updates

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief

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Frequently Asked Questions

What are the first results of Serbia’s election?

With 203 of 8,392 polling stations counted, RIK reports United Serbia at 54.21% and the Student List at 36.85%. This is about 2.4% of stations, so it is not a result.

What is United Serbia?

United Serbia, formally Aleksandar Vučić – United Serbia, is the list led by his Serbian Progressive Party. It is the main ruling-camp ticket in the 25 October election.

What is the Student List?

It is the ticket of the student-led protest movement that has challenged Vučić’s government. It is the main opposition list in the vote.

What was turnout in Serbia’s election?

RIK data show 64.89% of registered voters had cast ballots by 18:00 CET (1:00 p.m. ET). That is the last interim figure we could confirm.

When will the official result be known?

RIK has not yet published a final result after polls closed at 20:00 CET on 25 October. Seats in the 250-seat parliament go to lists that pass the 3% threshold.

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