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Prediction markets priced Lula at about 20 percent before Brazil election he won for a fourth term, Decrypt reports
- Prediction markets priced Lula at about 20 percent before Brazil election he won for a fourth term, Decrypt reports — Decrypt reports Polymarket priced Luiz Inacio Lula da Silva at about 20 percent before Brazil's presidential election on Sunday, but Lula beat Flavio Bolsonaro to win a fourth term. Traders and experts cited in the report point to Brazil's ban on prediction markets and retail flow keeping Bolsonaro priced near 80 percent until results arrived. (Decrypt)
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