Turkey’s ruling AKP and its allies lack the 360 parliamentary votes needed to trigger a constitutional referendum, relying instead on negotiations tied to the ongoing PKK peace process and potential early elections under Article 116 to address presidential term limits. Recent legislative focus has centered on the August 2026 national solidarity law and unrelated domestic priorities such as judicial packages, while opposition parties and legal experts continue to dispute routes around the two-term cap established after the 2017 referendum. Parliament Speaker statements in mid-2026 projected possible progress by 2027, but no formal referendum announcement has materialized amid shifting alliances and competing political demands. Trader consensus therefore reflects these procedural and coalition hurdles rather than imminent resolution.