Will Renan Santos win 8% or more of the valid vote in the first round of the 2026 Brazilian presidential election?
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 (2.5 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 percentage of valid votes received by Renan Santos 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 percentage of valid votes received by Renan Santos in the first round of this election. The percentage of valid votes received by the specified candidate will be determined by dividing the total number of valid votes the candidate receives in the first round by the sum of all valid votes cast in the first round. If the reported value falls exactly between two brackets, then this market will resolve to the higher range bracket. If the specified candidate does not appear on the ballot in the first round, or otherwise receives no valid votes, this market will resolve to the lowest range bracket. This market will resolve based on the official vote count. If a recount is initiated before the vote total has been made official, the market will remain open until the recount is completed and the vote is made official. If the result of this election isn't known definitively by June 30, 2027, 11:59 PM ET, this market will resolve to the lowest range bracket. 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, including the Superior Electoral Court (Tribunal Superior Eleitoral, TSE) (e.g., https://dadosabertos.tse.jus.br/).
What could move this market next?
- The market's deadline arrivesOctober 4, 2026 at 10:59 PM ET
The contract must resolve based on what has happened by this date.
Derived from the contract's own mechanics as of Sep 19, 3:42 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 ±21 pts.
What's happening
Recent movement was driven largely by one participant with little broad follow-through. The move may not represent consensus.
- One participant drove 80% of recent flow
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-reverting88%
- 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.
Secondary read: leaning toward Thin market.
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
$25.4K
Liquidity
$24.3K
Total volume
$33.9K
- Category
- Politics
- Venue
- Polymarket
- Open interest
- —
- Spread
- 1.0 pts
- Best bid
- 9.0%
- Best ask
- 10.0%
- 7-day range
- 9.5% – 12.0%
- Resolves
- Oct 4, 2026