Lula bucks prediction markets with Brazilian presidential win
Summary
Brazilian President Luiz Inácio Lula da Silva won the presidential runoff, despite prediction markets showing him as an underdog on Sunday. At noon Eastern time, Kalshi gave Lula a 20.2% chance of winning, while Polymarket put his odds at 20.5%.Key Facts
- Lula won Brazil’s presidential runoff election over the weekend.
- Lula was rated an underdog in prediction markets on Sunday.
- Kalshi gave Lula a 20.2% chance of winning at noon Eastern time.
- Polymarket gave Lula a 20.5% chance of winning at noon Eastern time.
- Flávio Bolsonaro was Lula’s opponent in the runoff.
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