Minas Gerais Governor Election
Short Answer
1. Market Behavior & Drivers
- Cleitinho Azevedo leads polls, drawing strong conservative and evangelical support.
- Azevedo may face a runoff election, lacking a first-round majority.
- Kalil and Simões consistently trail Azevedo; Rodrigo Pacheco officially withdrew his candidacy.
Who Wins and Why
| Outcome | Market | Model | Why |
|---|---|---|---|
| Cleitinho Azevedo | 69.8% | 73.2% | Cleitinho Azevedo is the consistent frontrunner in recent polls and his candidacy was officially confirmed. |
| Alexandre Kalil | 9.0% | 8.5% | Alexandre Kalil consistently trails the frontrunner in polls and simulated head-to-head scenarios. |
| Marcelo Aro | 0.1% | 0.1% | Marcelo Aro withdrew from the gubernatorial election, making it impossible for him to win. |
| Mateus Simões | 9.0% | 8.5% | Mateus Simões, the incumbent Governor, is trailing significantly in recent polls with low voter intention. |
| Rodrigo Pacheco | 0.3% | 0.2% | Rodrigo Pacheco officially withdrew his candidacy for Governor, making it impossible for him to win. |
Current Context
Sources (11)
- 1Governador Atualmg.gov.br
- 2List of governors of Minas Geraisen.wikipedia.org
- 32026 Minas Gerais general electionen.wikipedia.org
- 4Zema renuncia, e Simões assume o governo em meio à indefinição de chapas da direita em MGoglobo.globo.com
- 5Romeu Zemaen.wikipedia.org
- 6Zema deixa o governo de Minas Gerais para concorrer à Presidência pelo partido Novo | LAWFARElawfare-timeline.vercel.app
- 7Zema renuncia ao governo de MG para disputar presidência; Simões assumepoder360.com.br
- 8Quem são as peças no xadrez político de Minas para as eleições de 2026?em.com.br
- 9Informações gerais Eleições 2026 — Tribunal Regional Eleitoral de Minas Geraistre-mg.jus.br
- 10Faltam três meses para as Eleições 2026: confira as datas mais importantes do calendário eleitoral — Tribunal Regional Eleitoral de Minas Geraistre-mg.jus.br
- 112026 Minas Gerais general electionen.wikipedia.org
2. Price Chart
Historical Price (Probability)
3. Significant Price Movements
Notable price changes detected in the chart, along with research into what caused each movement.
Outcome: Cleitinho Azevedo
📈 August 08, 2026: 19.8pp spike
Price increased from 44.6% to 64.4%
📈 August 07, 2026: 23.2pp spike
Price increased from 14.5% to 37.8%
Outcome: Marcelo Aro
📉 August 06, 2026: 11.4pp drop
Price decreased from 13.0% to 1.6%
📉 August 05, 2026: 15.5pp drop
Price decreased from 28.5% to 13.0%
📈 August 04, 2026: 12.5pp spike
Price increased from 16.0% to 28.5%
Sources (19)
- 1Em nova reviravolta, Republicanos confirma Cleitinho Azevedo como candidato a governador de Minasterra.com.br
- 2As reviravoltas da semana na corrida pelo governo de MG | G1g1.globo.com
- 3Em nova reviravolta, Republicanos confirma Cleitinho Azevedo como candidato a governador de Minas - Estadãoestadao.com.br
- 4Pedido de desculpas, compromisso e pesquisas: os motivos citados pelo Republicanos para rever veto à candidatura de Cleitinhooglobo.globo.com
- 5Cleitinho candidato: reviravolta coloca senador de volta na disputa em MG - Agenda do Poderagendadopoder.com.br
- 6Pesquisa Genial/Quaest: Cleitinho lidera 1º e 2º turno para o governo de Minas Gerais | Exameexame.com
- 7Mais uma reviravolta em Minas Gerais: Federação União-PP retoma apoio a Mateus Simões e isola Marcelo Aro – Money Timesmoneytimes.com.br
- 8Marcelo Aro volta à disputa do Senado após União-PP apoiar Simõesem.com.br
- 9EventAlpha Marketstheeventalpha.com
- 10https://api.mziq.com/mzfilemanager/v2/d/a8ec6c13-3ef3-4e4a-9879-c684188aa2cb/e3dc731d-f58e-2863-bd2d-f65cf24dab96?origin=1api.mziq.com
- 11Labour sees surge in support in Coventry thanks to 'Burnham bounce' as Reform loses ground in the polls | Coventry Livecoventrytelegraph.net
- 12News — top prediction-market movers | pdatapdata.world
- 13Reviravolta em MG: União-PP retoma apoio a Simões e isola Marcelo Aro, chamado de ‘traidor’ por Zema - Estadãoestadao.com.br
- 14No centro de indefinição em MG, Marcelo Aro expõe detalhes de rompimento com governador | Eleições 2026 | Valor Econômicovalor.globo.com
- 15Marcelo Aro: entenda como funcionará candidatura avulsa ao Senadoem.com.br
- 16Sem Cleitinho, direita mineira se une em torno de Marcelo Aro para disputar MG | TV Sim Brasiltvsimbrasil.com.br
- 17Aro diz que desistiu do governo para evitar fragmentação da direita e apela por Cleitinhoofator.com.br
- 18Federação União-PP confirma Marcelo Aro para a chapa majoritária em MG | Eleições 2026 | Valor Econômicovalor.globo.com
- 19'Quem que tem voto? O Cleitinho': Aro defende candidatura para unir direitaem.com.br
4. Market Data
Contract Snapshot
This market resolves to "Yes" for the candidate who wins the Minas Gerais gubernatorial election; conversely, it resolves to "No" for any candidate who does not win. The election is scheduled for October 4, 2026, with a potential runoff on October 25, 2026, and the market's final resolution deadline is June 30, 2027, 11:59 PM ET. If the winner is unknown by this deadline, the market will resolve to "Other"; temporary governors are not considered, and official results from Brazil's Superior Electoral Court (TSE) will be the authoritative source for settlement.
Available Contracts
Market options and current pricing
| Outcome bucket | Yes (price) | No (price) | Last trade probability |
|---|---|---|---|
| Cleitinho Azevedo | $0.70 | $0.33 | 70% |
| Alexandre Kalil | $0.10 | $0.91 | 9% |
| Mateus Simões | $0.09 | $0.96 | 9% |
| Patrus Ananias | $0.06 | $0.98 | 3% |
| Flávio Roscoe | $0.05 | $0.97 | 3% |
| Benoni Mendes | $0.01 | $0.99 | 1% |
| Euclydes Pettersen | $0.01 | $1.00 | 0% |
| Gabriel Azevedo | $0.01 | $0.99 | 0% |
| Rodrigo Pacheco | $0.01 | $1.00 | 0% |
| Luís Eduardo Falcão | $0.01 | $1.00 | 0% |
| Aécio Neves | $0.00 | $1.00 | 0% |
| Alexandre Silveira | $0.00 | $1.00 | 0% |
| Gleidson Azevedo | $0.00 | $1.00 | 0% |
| Marcelo Aro | $0.00 | $1.00 | 0% |
| Nikolas Ferreira | $0.00 | $1.00 | 0% |
| Tadeu Leite | $0.00 | $1.00 | 0% |
| Vittorio Medioli | $0.00 | $1.00 | 0% |
| Other | $1.00 | $1.00 | 0% |
| Placeholder 10 | $1.00 | $1.00 | 0% |
| Placeholder 11 | $1.00 | $1.00 | 0% |
| Placeholder 12 | $1.00 | $1.00 | 0% |
| Placeholder 13 | $1.00 | $1.00 | 0% |
| Placeholder 14 | $1.00 | $1.00 | 0% |
| Placeholder 15 | $1.00 | $1.00 | 0% |
| Placeholder 16 | $1.00 | $1.00 | 0% |
| Placeholder 17 | $1.00 | $1.00 | 0% |
| Placeholder 18 | $1.00 | $1.00 | 0% |
| Placeholder 19 | $1.00 | $1.00 | 0% |
| Placeholder 20 | $1.00 | $1.00 | 0% |
| Placeholder 9 | $1.00 | $1.00 | 0% |
Market Discussion
Mateus Simões (PSD) is the incumbent governor of Minas Gerais, having assumed office on March 22, 2026, following Romeu Zema's resignation to pursue a presidential bid [1][2][3][4]. The 2026 gubernatorial election is ongoing as of August 18, 2026, with no winner determined, and features multiple candidates including Cleitinho Azevedo (Republicanos), who confirmed his candidacy in early August 2026 [3][5][6]. Prediction markets such as Polymarket and Kalshi offer contracts on the outcome, where Cleitinho Azevedo was previously identified as a frontrunner [7][8].
Sources (8)
- 1Governador Atualmg.gov.br
- 2List of governors of Minas Geraisen.wikipedia.org
- 32026 Minas Gerais general electionen.wikipedia.org
- 4Quem são as peças no xadrez político de Minas para as eleições de 2026?em.com.br
- 5As reviravoltas da semana na corrida pelo governo de MG | G1g1.globo.com
- 6Sem o favorito, Minas entra em nova fase; veja como fica a disputa pelo governoinfomoney.com.br
- 7Minas Gerais Governor Election Winner Predictions & Odds 2026 | Polymarketpolymarket.com
- 8Minas Gerais Governor winner? Odds & Predictions 2026kalshi.com
5. Trust Index
Order book is critically thin.
Primary risk· Trade quality
Resolution quality is low (60), but Integrity averages all three scores, so the other two pull it up. Only a critically low score would cap the total.
Includes the cost to trade: a $10,000 order can't be filled here because the order book is too thin.
Weighted blend with hard caps — a critically weak safety pillar, or a severe trading anomaly, caps the total regardless of the rest. Full methodology · About the Trust Index
6. How might former Governor Romeu Zema's presidential run and potential endorsements influence key candidates in the Minas Gerais gubernatorial race before the October 2026 election?
| Zema resignation | March 2026 [1][2][3] |
|---|---|
| Simões party switch | late 2025 [1][2][3] |
| Azevedo's standing | Frontrunner in 2026 Minas Gerais gubernatorial race [4][5] |
Sources (7)
- 1Brazil's Key Swing State Goes National: Report Saysriotimesonline.com
- 22026 Minas Gerais general electionen.wikipedia.org
- 3Political realignment in Minas Gerais tests Lula's coalition...valorinternational.globo.com
- 4Will Cleitinho Azevedo Win the Minas Gerais Governor Race? | Lines.comlines.com
- 5Minas Gerais Governor Election Winner Predictions & Odds 2026 | Polymarketpolymarket.com
- 6Lula's party scrambles for Plan B in key battleground Minas...valorinternational.globo.com
- 7Lula risks 2026 setback with no unified platform in key statevalorinternational.globo.com
7. What are the primary factors behind incumbent Governor Mateus Simões' low polling numbers ahead of the October 2026 election?
| Current Voter Intention | 6% to 11% (typically) [1][2][3] |
|---|---|
| Election Date | October 2026 [1][2][3] |
| Governor Assumption Date | March 22, 2026 [4][5] |
Sources (6)
- 1Minas Gerais Governor Election Winnerpolymarket.com
- 2Polymarket Minas Gerais: o que diz a plataforma sobre as eleições para governador » Moon BHmoonbh.com.br
- 3Will Cleitinho Azevedo Win the Minas Gerais Governor Race?lines.com
- 4Mateus Simões de Almeidamg.gov.br
- 5Mateus Simõesen.wikipedia.org
- 62026 Minas Gerais general electionen.wikipedia.org
8. How do the political platforms and core voter demographics of Rodrigo Pacheco and Cleitinho Azevedo compare ahead of the 2026 Minas Gerais election?
| Pacheco Candidacy Status | Withdrew for 2026 Minas Gerais Governor race [1][2][3] |
|---|---|
| Cleitinho Azevedo Poll Lead | Around 35% in first round [4][5][6] |
| Cleitinho Azevedo Key Supporters | Conservative, right-leaning, and evangelical demographics [4][5][6] |
Sources (7)
- 12026 Elections: infighting and shake-ups even before the...m.youtube.com
- 2Lula risks 2026 setback with no unified platform in key statevalorinternational.globo.com
- 3Brazil ruling party scrambles for candidate in key Minas...valorinternational.globo.com
- 4The old rules no longer apply in Minas Geraisvalorinternational.globo.com
- 5Minas Gerais Governor Election Winner Predictions & Odds 2026 | Polymarketpolymarket.com
- 6Minas Gerais Governor Election Winner Predictions & Odds 2026 | Polymarketpolymarket.copilot.markets
- 7Polymarket Minas Gerais: o que diz a plataforma sobre as eleições para governador » Moon BHmoonbh.com.br
9. Which polling institutes are tracking the 2026 Minas Gerais gubernatorial race, and what are their release schedules and historical accuracy ratings?
| 2026 Minas Gerais Gubernatorial Race Polling | No evidence of tracking found in provided sources [1] |
|---|---|
| Polling Institutes for Brazilian Elections | AtlasIntel and Quaest mentioned for general tracking [2][3] |
| Historical Accuracy Rating System (Brazil) | No centralized, standardized system [3][4] |
Sources (4)
- 1Both gubernatorial and U.S. Senate elections are happening in 26 states in 2026 - Ballotpedia Newsnews.ballotpedia.org
- 2Brazil: Minas Gerais | AtlasIntelatlasintel.org
- 3Will Cleitinho Azevedo Win the Minas Gerais Governor Race? | Lines.comlines.com
- 4Polling errors, media and democracy in Brazillatinoamerica21.com
10. What do recent polling trends and runoff simulations suggest about Alexandre Kalil's viability in a potential second-round election on October 25?
| Candidacy Confirmed | July 26, 2026 (PDT candidate for Governor of Minas Gerais) [1][2][3] |
|---|---|
| Polling Position | Consistently trails front-runner Cleitinho Azevedo (second or third place) [4][5][6] |
| Simulated Runoff Trail | Trails Azevedo by double digits (e.g., 26% to 48%) [4] |
Sources (7)
- 1Brazil Left Splits as PDT Backs Kalil for Minas Governorriotimesonline.com
- 2Brazil's PDT Backs Kalil for Minas Governor, Snubbing...ground.news
- 3O candidato a governador de Minas Gerais Alexandre Kalil...instagram.com
- 4Will Cleitinho Azevedo Win the Minas Gerais Governor Race? | Lines.comlines.com
- 5🗳 Election Observatory: Apr. 28newsletters.brazilian.report
- 6Minas Gerais Governor Election Winner Predictions & Odds 2026 | Polymarketpolymarket.com
- 7Polymarket Minas Gerais: o que diz a plataforma sobre as eleições para governador » Moon BHmoonbh.com.br
11. What Could Change the Odds
Key Catalysts
Key Dates & Catalysts
- Closes: October 04, 2026
Sources (8)
- 1Informações gerais Eleições 2026 — Tribunal Regional Eleitoral de Minas Geraistre-mg.jus.br
- 22026 Minas Gerais general electionen.wikipedia.org
- 32026 Brazilian general electionen.wikipedia.org
- 4Veja quem são os candidatos a governador em Minas Gerais em 2026 | G1g1.globo.com
- 5Election bulletin — Washington Brazil Officebraziloffice.org
- 6Both gubernatorial and U.S. Senate elections are happening in 26 states in 2026 - Ballotpedia Newsnews.ballotpedia.org
- 7An early look at gubernatorial elections in 2026 - Ballotpedia Newsnews.ballotpedia.org
- 8A total of 107 state executives are retiring in 2026; the most retirements in a year since 2018 - Ballotpedia Newsnews.ballotpedia.org