Javier Milei’s position as Argentina’s president remains secure through 2027, as reflected in the market’s 95.4% implied probability for “No.” His La Libertad Avanza coalition secured decisive gains in the October 2025 midterms, expanding its congressional bench and enabling continued advancement of fiscal austerity and pro-market legislation. Despite approval ratings falling to the mid-30s amid persistent inflation and isolated corruption episodes, the opposition remains fragmented without a unified alternative capable of mounting a successful impeachment or forcing resignation. Constitutional term limits and the absence of imminent legislative or institutional challenges further anchor trader consensus. Late-breaking developments such as a major scandal, health event, or sharp economic reversal could still introduce volatility before the 2027 election cycle.