Following the March 24, 2026, snap Folketing election, caretaker Prime Minister Mette Frederiksen's Social Democrats secured the most seats at 38 despite losses, positioning her as formateur tasked by King Frederik X with leading coalition negotiations in Denmark's proportional representation system. Trader consensus at 92.5% reflects her strong incumbency advantage, historical precedents favoring the largest party in fragmented parliaments (red bloc at 86 seats, short of 90), and ongoing talks pivoting toward centrists like the Moderates despite recent pauses by kingmaker Lars Løkke Rasmussen over policy disputes. Challenges could arise from prolonged deadlock—now entering a fourth week and projected to last another month—forcing the king to appoint an alternative like Liberals' Troels Lund Poulsen, though no majority alternative has emerged.