The population of the small volcanic island in the North Atlantic Ocean is roughly 323,000 – similar to that of Pittsburgh in the U.S. state of Pennsylvania. The Pirates are a radical alternative to traditional political parties and, unusually, are predominantly based online. Many of its policies are gauged by polls it conducts on its website and the party's popularity with the younger generation in Iceland has soared as a result.
According to analysts, the Pirates are in contention to either win or finish a close second to the Independence Party, one of two currently governing in Iceland. Nonetheless, it looks likely that the three seats the Pirates hold in Iceland's 63 member parliament, is set to increase to around 20. A coalition of different governing parties is expected, regardless of who wins the vote outright.
Aevarsdóttir believes the party is profiting from a "perfect storm".
"You know, only 17 percent of people (in Iceland) trust our parliament. It has just been one scandal after another, at least in the past the government used to hide the fact it was blatantly corrupt."
She added, "the current government has three separate ministers indicted in the Panama Papers, it had a prime minister who still has not officially apologized or told the truth about offshore money and a finance minister whom has mishandled his taxes."
Bjarni Benediktsson, the current minister of finance and economic affairs, dismissed the allegation that he has mishandled his taxes when contacted by CNBC.