Brazil presidential election: 5th place (1st round)

(Each outcome is its own contract. This is the rule for the favourite, Ronaldo Caiado; the others read the same way with their own outcome.) If Ronaldo Caiado finishes in 5th place in the first round of the 2026 Brazilian presidential election according to the certified results, then the market resolves to Yes. Ranking is determined by the specified counting method: For a two-round system where this event specifies the first round: rank is based on certified first-round vote count or percentage In case of an exact tie for fifth place, markets resolve proportionally, $1 divided by the number of tied entities, rounded down. A candidate not listed on this event who finishes fifth makes every named market resolve NO. Candidates who withdraw or are disqualified after the filing deadline but remain on the ballot are ranked based on votes received. If the election is cancelled or postponed beyond expiration, all markets resolve NO.