The June 7 runoff between Keiko Fujimori and Roberto Sánchez follows a first-round turnout of 73.81 percent amid mandatory voting rules and a fragmented field of 35 candidates. Recent confirmation of the finalists on May 17 has shifted focus to mobilization by the two main parties, with polls showing a narrow gap that could encourage higher participation in urban strongholds while rural and overseas voters face lingering logistical constraints from the April vote. Polarization along ideological lines, combined with Peru’s history of compulsory participation and variable enforcement, keeps projected turnout clustered near the prior benchmark. Late developments such as intensified get-out-the-vote drives, weather on election day, or renewed disputes over electoral procedures could shift volumes either direction within the narrow band traders currently price as most probable.