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Brazil election results spark debate over prediction markets after Lula wins at 20 percent odds, Unchained reports
- Brazil election results spark debate over prediction markets after Lula wins at 20 percent odds, Unchained reports — Polymarket and Kalshi priced Flavio Bolsonaro at roughly 80 percent hours before Luiz Inacio Lula da Silva won Brazil's runoff with 51.8 percent of valid votes against 48.2 percent. Polymarket's Brazil election market drew more than 249 million dollars in total volume and has since resolved in Lula's favor, with traders debating whether the markets got the result wrong. (Unchained)
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