Brazil presidential election: first round
Short Answer
1. Market Behavior & Drivers
- Lula consistently leads national polls, nearing the first-round victory threshold.
- Lula's high rejection rates challenge his first-round win.
- Flávio Bolsonaro consistently polls second, significantly behind Lula.
- No candidate has secured formal national Centrão party endorsements.
- Other candidates poll in low single digits, lacking a path to victory.
Who Wins and Why
| Outcome | Market | Model | Why |
|---|---|---|---|
| Flávio Bolsonaro | 46.0% | 35.9% | Market higher by 10.1pp |
| Luiz Inácio Lula da Silva | 52.0% | 48.6% | Market higher by 3.4pp |
| Renan Santos | 4.3% | 4.7% | Model higher by 0.4pp |
| Fernando Haddad | 5.0% | 5.5% | Model higher by 0.5pp |
| Tarcísio de Freitas | 4.0% | 4.4% | Model higher by 0.4pp |
2. Price Chart
Historical Price (Probability)
3. Market Data
Contract Snapshot
This market resolves to YES if Luiz Inácio Lula da Silva wins the first round of the 2026 Brazilian presidential election, as verified by the Tribunal Superior Eleitoral (TSE); otherwise, it resolves to NO. The market opened on March 25, 2026, and will close early if the election winner is officially declared or certified, or by October 4, 2027, at the latest. Payouts are projected 30 minutes after closing, and individuals employed by Source Agencies are prohibited from trading.
Available Contracts
Market options and current pricing
| Outcome bucket | Yes (price) | No (price) | Last trade probability |
|---|---|---|---|
| Luiz Inácio Lula da Silva | $0.50 | $0.54 | 52% |
| Flávio Bolsonaro | $0.46 | $0.58 | 46% |
| Fernando Haddad | $0.03 | $0.99 | 5% |
| Renan Santos | $0.05 | $0.98 | 4% |
| Tarcísio de Freitas | $0.04 | $0.99 | 4% |
| Romeu Zema | $0.05 | $1.00 | 0% |
| Ronaldo Caiado | $0.05 | $0.99 | 0% |
Market Discussion
Limited public discussion available for this market.
4. How Does Romeu Zema Perform in Latest Presidential Polls?
| Zema National Second-Round Standing | Technical tie with Lula [1] |
|---|---|
| Zema National First-Round Support | 1.6% to 6.2% [2] |
| Lula Rejection Rate | 48% to 52.5% [3] |
Sources (4)
- 1AtlasIntel: Lula empata com Flávio Bolsonaro e Zema em cenários de 2º turnoem.com.br
- 2AtlasIntel: Zema oscila entre 1,6% e 6,2% no 1º turnoem.com.br
- 3AtlasIntel: 51% rejeitam voto em Lula e 49,8%, em Fláviopoder360.com.br
- 4AtlasIntel para presidente em MG: Zema em empate com Renan Santos e Caiadoem.com.br
5. Which Candidate Has Secured Centrão Party Endorsements in Brazil?
| Candidate Endorsements Status | No specific candidate has secured endorsements from at least two of the three major 'Centrão' parties (União Brasil, MDB, PSD) [1] |
|---|---|
| MDB & PSD Coalition Stance | Both MDB and PSD are outside of a national coalition with Luiz Inácio Lula da Silva [1] |
| União Brasil Endorsement Timeline | Presidential support decision to be made by August [2] |
Sources (5)
- 1Presidente do PT já admite MDB e PSD fora de coligação de Lulawwws.gazetadopovo.com.br
- 2União Brasil definirá apoio presidencial até agosto, afirma Bruno Reis •rotativonews.com
- 3MDB deve liberar palanques nos Estadospoder360.com.br
- 4Com Caiado, PSD buscará apoios de MDB e União | Blogs | CNN Brasilcnnbrasil.com.br
- 5Pacheco aguarda acordos de Lula com MDB ou União para definir o seu futuro partido | VEJAveja.abril.com.br
6. What are Brazil's July-September 2026 inflation and unemployment rates?
| Brazil First-Round Election | October 4, 2026 [1] |
|---|---|
| Latest IPCA Inflation Rate | 0.88% in March 2026 [2] |
| Latest IBGE Unemployment Rate | 5.4% for quarter ending January 2026 [3] |
7. Are Tarcísio de Freitas or Ronaldo Caiado Polling Above 15% in Bahia and Pernambuco?
| Tarcísio de Freitas Positive Evaluation (Bahia) | 41% [1] |
|---|---|
| Jair Bolsonaro Valid Votes (Bahia) | 20% [2] |
| Jair Bolsonaro Valid Votes (Pernambuco) | 27% [3] |
Sources (4)
- 1Quaest: Tarcísio tem 41% de avaliação positiva e 14% de negativa; veja pesquisas de BA, GO, MG, PR, RJ e RS - PE Notíciaspenoticias.com.br
- 2Ipec: na Bahia, Lula tem 61% e Bolsonaro 20%; Ciro aparece com 7% - Metro 1metro1.com.br
- 3Pesquisa Ipec: em PE, Lula tem 73% e Bolsonaro, 27% dos votos válidosbemparana.com.br
- 4LULA LIDERA CENÁRIOS NO SEGUNDO TURNO, MAS VANTAGEM SOBRE FLÁVIO CAI, APONTA GENIAL/QUAEST - Bahia Economica O presidente Luiz Inácio Lula da Silva (PT) aparece com 45% das intenções de voto contra 38% de Flávio Bolsonaro (PL) em um eventual segundo turno nas eleições de 2026, de acordo com pesquisa Genial/Quaest divulgada nesta quarta-feira, 14.bahiaeconomica.com.br
8. What is the 'Other' Candidate Vote Share in 2026 Brazilian Election?
| 'Other' Candidates' Valid Vote Share | Approximately 3.36% to 7.45% (April 2026 polls) [1] |
|---|---|
| Top Three Frontrunners | Luiz Inácio Lula da Silva, Flávio Bolsonaro, Simone Tebet [1] |
| Threshold for First-Round Difficulty | Above 10% for 'other' candidates (context provided) [2] |