Turkey's main opposition party has seen its election odds crater from 98¢ to just 26¢, a stunning reversal despite current polling showing the CHP leading with 33.1 percent, while the AKP stands at 30.6 percent. The collapse reflects growing concerns over judicial interference, with pro-Erdogan judicial officials arresting Istanbul mayor Ekrem Imamoglu on fabricated charges intended to block his candidacy just before the CHP's March 2025 primary. The next General election in Turkey is expected in 2028, but traders appear increasingly skeptical that free and fair elections will occur. The dramatic odds swing suggests the market views Turkey's democratic institutions as fundamentally compromised, despite opposition strength in recent local elections and current polling data.