The odds
as of Oct 25, 12:30 UTC- Luiz Inácio Lula da Silva 86% +19
- Flávio Bolsonaro 12% −7
Traded today$5K
Traded in all$26K
Favourite, 7 days+19 pts
Luiz Inácio Lula da Silva, the last 7 days
Kalshi priceOct 18: 69% · Oct 19: 69% · Oct 20: 68% · Oct 21: 68% · Oct 22: 76% · Oct 23: 74% · Oct 24: 79% · Oct 25: 85%
How it resolves
Kalshi's rule, word for word(Each outcome is its own contract. This is the rule for the favourite, Luiz Inácio Lula da Silva; the others read the same way with their own outcome.) If Luiz Inácio Lula da Silva finishes in 1st place in the Exterior zone (Brazilian voters abroad) in the 2026 Brazilian presidential runoff according to the certified results, then the market resolves to Yes. Ranking is determined by the specified counting method: Rank is based on runoff vote totals only In case of exact ties, markets resolve proportionally (1/number of tied entities). Write-in candidates achieving the specified rank resolve all named candidate markets to NO unless a specific "Write-in" or "Other" option exists. 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 to NO. The Exterior zone is the Tribunal Superior Eleitoral (TSE) results unit for votes cast by Brazilian voters outside Brazil; ranking uses its runoff totals, regardless of the national result.
Settlement sources: Tribunal Superior Eleitoral (TSE)
See it on Kalshi ↗