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Brazil election exposes limits of prediction markets as Lula wins despite Kalshi pricing Bolsonaro at 88 percent on October 9, NextPredict reports
- Brazil election exposes limits of prediction markets as Lula wins despite Kalshi pricing Bolsonaro at 88 percent on October 9, NextPredict reports — NextPredict reports Luiz Inacio Lula da Silva won Brazil's presidential runoff with 51.79 percent of valid votes against Flavio Bolsonaro at 48.21 percent, according to Brazil's Superior Electoral Court. Kalshi had priced Bolsonaro at 88 percent on October 9 and 84 percent on October 24, while final polls were tied, and Bolsonaro has said he will seek annulment of the result. (NextPredict)
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