Logistical chaos marred Peru's April 12-13 presidential first-round election, with polling delays, ballot shortages, and power outages—especially in Lima, representing 30% of the 27 million registered voters—suppressing turnout and anchoring trader consensus at 70-75% (85%). Compulsory voting typically yields high participation, as in 2021's 76% first round, but widespread disillusionment from a decade of political instability, eight presidents, and a fragmented field of 35 candidates fueled apathy. Ipsos exit polls estimated over 81%, yet partial ONPE actas (over 90% processed as of April 16) and urban low-afluencia reports suggest an official figure nearer 72-74%, explaining secondary pricing in 75-80% (7.5%) and 80-85% (6%). Full certification by the National Jury of Elections will resolve the market.