**North Macedonia edges the market-implied odds at 23.2% amid a tightly bunched field where Ukraine, Cyprus, and France sit within a few points, reflecting the absence of standout frontrunners this early.** Internal selections have locked in North Macedonia’s Ana Stojanoska with “Idnata jas,” Cyprus’s Harry Georgiou, and France’s Alec, giving those entries a head start in trader assessments. Ukraine’s national final on September 13, featuring songs from Svitlana Tarabarova and alyona alyona, remains a key swing factor, as the country’s consistent top finishes historically attract support. With most participants still finalizing entries and the October 24 Malta contest months away, sentiment hinges on upcoming national selections, early performance clips, and historical voting patterns rather than any decisive momentum shift.