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Lula wins Brazil runoff despite prediction markets pricing him near 20 percent, as Brazil ETF falls 17 percent overnight, TheStreet reports
- Lula wins Brazil runoff despite prediction markets pricing him near 20 percent, as Brazil ETF falls 17 percent overnight, TheStreet reports — TheStreet reported Lula defeated Flavio Bolsonaro 51.76 percent to 48.24 percent in Sunday's runoff after Polymarket and Kalshi had given him only about a 20 percent chance of victory, while final polls had the race tied. The iShares MSCI Brazil ETF fell more than 17 percent in overnight trading as markets reacted to the result. (TheStreet)
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