Is there a second presidential round in Brazil

Market context

Resolve with the official first-round result of the TSE (October 4, 2026).

Resolution criteria

• How it resolvesResolve Yes if, according to the official result of the TSE of the first round of October 4, 2026, no presidential candidate obtains more than 50% of the valid votes and a second round is required. Resolve No if a candidate wins in the first round. If the election is postponed beyond December 31, 2026, the market is canceled and the positions are reimbursed.