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  3. Brazil Presidential Election First Round: Margin of Victory
Brazil Presidential Election First Round: Margin of Victory

Brazil Presidential Election First Round: Margin of Victory

6.0% (24h)One-OffPoliticsElectionLatin America1y
KalshiKalshiCheck availabilityKYC required2% fee
Current implied probability
Lula da Silva, 5-10%
Lula da Silva, 5-10% 15%-6.0%
Leader of 11 outcomes
Market quality

28 / 100

Low quality
24h Volume

$0.1

Liquidity

$7.2

Low liquidity
Bid / Ask

15.0% / 22.0%

Spread

46.7%

Wide spread
Market data

Updated 7 minutes ago

Apr 23, 26, 4:00 AMOct 4, 27, 2:00 PM

Trends

Outcome24hChance
Lula da Silva, 10-15%
Lula da Silva, 10-15%
0%
Lula da Silva, ≥15%
Lula da Silva, ≥15%
0%

Selected outcome

Lula da Silva, 5-10%15%

PolymarketAlso available on Polymarket

Brazil Presidential Election First Round: Margin of Victory

Brazil Presidential Election First Round: Margin of Victory

5.3%3mo
Lula da Silva <5%
Lula da Silva <5%
-2.5%34%
Lula da Silva 5-10%
Lula da Silva 5-10%
+3.5%32%
Flávio Bolsonaro <5%
Flávio Bolsonaro <5%
-2.0%11%

+8 more outcomes

56 • Medium qualityWide spreadHigh liquidityHigh ambiguity
Total Vol$238.9K
24h Vol$179.2
PolymarketPOLYMARKET

Rules

If the margin of victory for Lula da Silva in the first round of the 2026 Brazilian presidential election falls within 0% to 5%, inclusive of its lower bound and exclusive of its upper bound, then the market resolves to Yes.

Kalshi
  • The margin of victory shall be calculated as follows based on the margin type.
  • For percentage points: the vote percentage received by Lula da Silva minus the vote percentage received by the candidate/party/option that finishes immediately behind Lula da Silva if Lula da Silva wins, or the candidate/party that finishes first if Lula da Silva loses.
  • For raw votes: the total votes received by Lula da Silva minus the total votes received by the candidate/party/option that finishes immediately behind Lula da Silva if Lula da Silva wins, or the candidate/party/option that finishes first if Lula da Silva loses.
  • For electoral votes: the electoral votes received by Lula da Silva minus the electoral votes received by the candidate/party/option with the second-most electoral votes if Lula da Silva wins, or the electoral votes received by Lula da Silva minus the electoral votes received by the candidate/party/option with the most electoral votes if Lula da Silva does not.
  • Each margin range is inclusive of its lower bound and exclusive of its upper bound.

Probabilities may differ due to different market structures, fees, and participant pools.

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Rules

If the margin of victory for Lula da Silva in the first round of the 2026 Brazilian presidential election falls within 0% to 5%, inclusive of its lower bound and exclusive of its upper bound, then the market resolves to Yes.

Kalshi
  • The margin of victory shall be calculated as follows based on the margin type.
  • For percentage points: the vote percentage received by Lula da Silva minus the vote percentage received by the candidate/party/option that finishes immediately behind Lula da Silva if Lula da Silva wins, or the candidate/party that finishes first if Lula da Silva loses.
  • For raw votes: the total votes received by Lula da Silva minus the total votes received by the candidate/party/option that finishes immediately behind Lula da Silva if Lula da Silva wins, or the candidate/party/option that finishes first if Lula da Silva loses.
  • For electoral votes: the electoral votes received by Lula da Silva minus the electoral votes received by the candidate/party/option with the second-most electoral votes if Lula da Silva wins, or the electoral votes received by Lula da Silva minus the electoral votes received by the candidate/party/option with the most electoral votes if Lula da Silva does not.
  • Each margin range is inclusive of its lower bound and exclusive of its upper bound.