Brazil Election Results Spark Debate Over Prediction Markets After Lula Wins at 20% Odds

2 outlets reporting

Your call?🐂 Bullish🐻 Bearish

80%

Bolsonaro implied odds

Polymarket and Kalshi priced Flávio Bolsonaro as a roughly 80% favorite hours before Luiz Inácio Lula da Silva won Sunday's runoff, and traders are split on whether the markets got it wrong.