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Will Luiz Inácio Lula da Silva win the second round of the 2026 Brazilian presidential election by 2–4%?

5 of 9 top Polymarket traders hold Yes (56%) · Yes at 98¢ · $4K held · ends Oct 26

Yes98¢No2¢Ends Mon, Oct 26, 2026View on Polymarket
SIGNAL

⚖️

Neutral

Yes

Consensus Traders

9

Yes 56%

Total Value

$3.9K

Combined PnL

$154.15

Smart Money Entry

75.4¢ → 97.7¢

+30% since entry · 5 traders

Research grade

NeutralYes at 98%

No measured edge either way. The plain consensus (5+ holders, 60 %+, held to resolution) lost −4.8 % a trade after costs (n 10,051, 95 % CI −6.5 to −3.1 %).

  • Side priced over 95¢0.90–0.99 was −0.2 % a trade (n 4,210); above 95¢ little is left to win and the backtests' bands stop at 0.95.
  • Consensus under 60 %Every backtest started at 60 %+ of the holders; below that nothing was measured.

Backtest of Oct 22 2026: one entry per market, held to resolution, after a 1¢ half-spread and Polymarket's taker fees. The grade never goes above “Research candidate”: no rule passed the multiple-testing check. It is not a forecast and not advice.

Smart Money Signal

Yes

5 of 9 top traders (56%)4 hold an outcome priced under 50%3 small positions dimmed (<$100 invested)

Market Activity
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Outcome Probabilities

Yes98%
No2%

Smart Money Breakdown by Outcome

Yes5 traders
Total Value$3.8K
Total Shares4,523
Combined PnL+$57.62
No4 traders
Total Value$107.22
Total Shares416
Combined PnL+$96.53
Yes — 56%No — 44%

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EV Calculator

Consensus % is how many tracked traders hold a side, not a win probability.

Break-even chance98.7%

97.7¢ price + 1.0¢ spread + 0.1¢ fee (Politics 4%). Win more often than this and the bet pays.

Expected Value—
Expected ROIenter your estimate
Max Profit
+$1.31
Max Loss
-$100.00
Shares
101.3

A market order pays the taker fee and crosses the spread (assumed 1.0¢); a limit order pays no fee but may not fill. The fee category is a guess from the title.

Market Info

Condition ID
0xaa1c1f03...246142
Slug
will-luiz-inacio-lula-da-silva-win-the-second-round-of-the-2026-brazilian-presidential-election-by-2-4-specific
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