Will Lula win the most votes in the first round of the 2026 Brazil presidential election?
As of Sep 27, 2026, 7:26 PM ET, Polymarket priced this market at 74.5% (down from 76.5% 24 hours earlier). It had $24.8K traded in the past 24 hours, $69.8K of order-book liquidity and a bid-ask spread of 1.0 pts. probcast.co rates the support behind this price as moderate.
A repricing with partial backing — read the new probability with some caution.
The pricing has partial support: healthy trading volume and market depth, a tight spread.
How credible was the move?
Three separate questions — a move can be genuine while the latest price is still settling. Methodology →
Move validity
Is the move backed by real trading and depth?
ModerateThe pricing has partial support: healthy trading volume and market depth, a tight spread.
Consensus stability
Has the market settled at the new probability?
FormingMovement has slowed (2 points over six hours) but the market has not fully settled.
Contract clarity
Will the rules resolve without ambiguity?
HighThe resolution rules are relatively specific, with a named source and a defined deadline.
From the latest trade tape (most recent 200 prints) — a live activity sample, not a lifetime total.
What this market actually measures
A presidential election is scheduled to take place in Brazil on October 4, 2026. This market will resolve according to the listed candidate who receives the most valid votes in the first round of this election.
This summary shows the opening of the venue's official rules. ProbCast has not yet generated an independent plain-English interpretation for this contract — review the full rules before relying on it.
View full official resolution rules
A presidential election is scheduled to take place in Brazil on October 4, 2026. This market will resolve according to the listed candidate who receives the most valid votes in the first round of this election. Candidates will be primarily ranked by order of valid votes won. If two or more candidates are tied for any position, ties will be broken by alphabetical order of the candidates’ listed full names as they appear in this market. This market will resolve to the candidate that occupies the highest finishing position after applying this ranking. If the result of this election isn't known definitively by June 30, 2027, 11:59 PM ET, the market will resolve to "Other". This market will resolve based on the result of the election, as indicated by a consensus of credible reporting. If there is ambiguity, this market will resolve based solely on the official results as reported by the Brazilian government, specifically the Superior Electoral Court (Tribunal Superior Eleitoral, TSE) (e.g., https://dadosabertos.tse.jus.br/).
Resolution source: dadosabertos.tse.jus.br
What could move this market next?
- The market's deadline arrivesOctober 4, 2026 at 11:59 PM ET
The contract must resolve based on what has happened by this date.
- Confirmation at the resolution source (dadosabertos.tse.jus.br)
The rules name this source as the basis for settlement.
Derived from the contract's own mechanics as of Sep 27, 7:30 PM ET. ProbCast does not list scheduled meetings, announcements, or data releases it cannot verify.
Advanced analysis (experimental)
Research signals — these models are still accumulating the history needed for full validation, and they can disagree with the headline read. Model confidence: low · expected error ±19 pts.
What's happening
Thin book and/or wide spread. Small orders can move this price disproportionately, so any single print is noisy and easily overread.
- Thin book and/or wide spread.
Read with caution —Read the latest price with caution; conditions make it an unreliable summary right now.
More details — reliability score, dynamics, durability
- Choppy / mean-reverting91%
- Stable consensus4%
- Thin-liquidity spike3%
Short-term motion of the price line (~1h), distinct from the environment above — not a prediction of the final outcome.
A read-only classification of the market environment — how much weight the current price deserves as a read of consensus. It describes conditions, never a trade.
Market data
24h volume
$24.8K
Liquidity
$69.8K
Total volume
$140.3K
- Category
- Geopolitics
- Venue
- Polymarket
- Open interest
- —
- Spread
- 1.0 pts
- Best bid
- 74.0%
- Best ask
- 75.0%
- 7-day range
- 74.0% – 76.5%
- Resolves
- Oct 4, 2026
- Resolution
- dadosabertos.tse.jus.br