IBOV 208,295.98 ▲ 1.57% IPSA 10,926.50 ▼ 0.42% IPC MEX 69,258.58 ▲ 0.36% MERVAL 3,017,221 — — COLCAP 2,533.22 ▲ 0.47% BVL PERÚ 59,903.86 ▼ 0.06% USD/BRL5.03▲ 0.01% USD/MXN18.50▲ 0.41% USD/CLP974.55▼ 0.68% USD/COP3,173▲ 0.45% USD/PEN3.43▼ 0.05% USD/ARS1,525▼ 0.02% USD/UYU40.13▲ 3.22% USD/PYG5,704▲ 2.30% USD/BOB11.65▲ 2.95% USD/DOP61.21▲ 2.67% USD/CRC448.07▲ 1.91% USD/GTQ7.64▲ 3.18% USD/HNL26.86▲ 3.38% USD/NIO36.62▲ 2.82% USD/VES881.19▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.73▲ 2.46% EUR/BRL5.64▼ 0.07% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 208,295.98 ▲ 1.57% IPSA 10,926.50 ▼ 0.42% IPC MEX 69,258.58 ▲ 0.36% MERVAL 3,017,221 — — COLCAP 2,533.22 ▲ 0.47% BVL PERÚ 59,903.86 ▼ 0.06% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
since 2009
Wednesday, October 21, 2026

Brazil Brazil Elections 2026

Brazil Court Upholds Flávio Post Ban 20 Oct

By · October 21, 2026 · 9 min read
The curved glass facade of the Superior Electoral Court headquarters in Brasilia with Brazilian flags and a white dome under a blue sky
The Superior Electoral Court headquarters in Brasília, designed by Oscar Niemeyer (file photo; Photo: Luiz Roberto/TSE, public domain, via Wikimedia Commons)

BRAZIL · ELECTION CAMPAIGN

Key Facts

  • —The country Brazil, Latin America’s largest economy, votes in a presidential runoff on Sunday 25 October between President Lula of the left-wing Workers’ Party and Senator Flávio Bolsonaro of the conservative Liberal Party.
  • —Why it matters The ruling shows how far Brazilian judges let rivals tie a candidate to crime in the final week of a runoff, and it covers posts that ran on social networks.
  • —Why now The Superior Electoral Court (TSE) confirmed the order in a plenary session on Tuesday 20 October 2026, five days before the vote.
  • —What happened The court voted unanimously to uphold a June injunction that made posts linking Flávio to a Federal Police operation and to organized crime come down within 24 hours.
  • —What it means for you Investors in Brazilian assets and other US readers get a signal on how the runoff referee treats unsupported criminal claims, while the date, the ballot and the count do not change.
  • —Still open Whether the accused politicians and account operators appeal, and how the court treats other posts that tie either candidate to crime before Sunday.
  • —Prediction markets Polymarket gives Flávio Bolsonaro an 80.0% chance of winning the 25 October runoff and Lula 20.5% (21 October, 2:50 a.m. ET). Polymarket puts Flávio Bolsonaro’s chance of winning at 80% and Kalshi at 81% (Lula: 20% and 20%), as of 21 October, 3:20 am ET; prices are bets, not polls.
  • —Power Index Brazil ranks 1st of 14 in The Rio Times Latin America Power Index, with 75.0 points (October 2026 edition).

Runoff · Sunday, 25 October

Brazil Runoff 2026: Lula vs Flávio

Date, polls, debates, odds and how the runoff works, updated every day.

Read our Brazil election 2026 runoff guide →

Brazil election 2026 · Brazil election polls · Who will win: Brazil election odds · Brazil runoff date and results start · Brazil election results · Brazil election poll data (CSV) · All election stories

A Brazil court upholds an order that forced the removal of social media posts tying presidential candidate Flávio Bolsonaro to a federal police operation and to organized crime, five days before the Brazil election 2026 runoff. The Superior Electoral Court (TSE) voted unanimously on Tuesday 20 October 2026 to confirm the injunction of its Justice Estela Aranha, who found that the posts had no minimal factual basis.

For US readers the case matters because the vote on Sunday 25 October decides who leads Latin America’s largest economy, and the TSE is the referee on what the campaigns may say. Our Brazil election polls tracker lists the surveys, the Brazil election odds page shows live betting prices and the Brazil runoff date page sets out the schedule.

Brazil Election Data Room
Runoff poll average: Flávio Bolsonaro 51.1%, Lula 48.9%
29 national polls from 17 pollsters since 4 October, updated hourly. Every poll, free to download.
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The posts linked Flávio to Operation Unha e Carne, a Federal Police money-laundering investigation in the Rio de Janeiro area, and to crimes the court lists as organized crime, militias, money laundering and rachadinha. Flávio’s defense says he is not investigated, cited or mentioned in the operation, and the court found that the posts pointed to no concrete data tying him to it.

Brazil Court Upholds a Narrow Order

The plenary of the TSE, which runs Brazil’s elections, endorsed the injunction by unanimous vote on Tuesday 20 October 2026. Justice Aranha, the rapporteur, said that freedom of expression online is not absolute and that content can be removed when it breaks electoral rules.

Justice Floriano de Azevedo Marques, who had asked in June for the case to be taken from the virtual plenary to a live session, followed her in full. He said the posts went beyond legitimate political debate by attributing criminal conduct to the candidate without minimal factual support.

Justices André Mendonça, Dias Toffoli, Ricardo Villas Bôas Cueva and Sebastião Reis Júnior also voted with her, and court president Kassio Nunes Marques announced the unanimous result. Our profile Who Is Brazil’s Election Court Chief Kássio Nunes Marques explains his role.

The order requires removal of the content within 24 hours and bars republishing the same or substantially identical material. The June version, issued on Monday 22 June 2026, also set a daily fine for non-compliance and required the platforms to be notified, but the TSE summary does not give the amount.

A white dome and the dark glass tower of the Superior Electoral Court in Brasilia seen from beneath the building’s concrete canopy
The dome and glass tower of the Superior Electoral Court in Brasília (file photo; Photo: Luiz Roberto/TSE, public domain, via Wikimedia Commons)
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Who Brought the Case and Who Posted

The case, number 0600539-97.2026.6.00.0000, was filed by the national directorate of the Liberal Party (PL), the party of former president Jair Bolsonaro and of his son Flávio, a senator for Rio de Janeiro. It named Guilherme Boulos, a federal deputy of the left-wing PSOL party, and the Workers’ Party (PT) federal deputies Gleisi Hoffmann, Lindbergh Farias and Rogério Correia.

The court also named the operators of five accounts, “PT na Câmara”, “Lula conta comigo”, “Brasil pra Frente”, “Anti Bolsonaro Real” and “Lázaro Rosa”, and Aurilene Monteiro, known online as “Gata Canhota”, who is responsible for a business profile. The TSE page names no platform and says only that the content ran on social networks.

Poder360 quoted one challenged post, which in translation called Flávio “surrounded by scandals” and “accused of money laundering with the Comando”. The court’s summary says the posts also tied him to militias and to rachadinha, an illegal scheme in which aides hand back part of their pay to a lawmaker.

In its June notice the court said a generic link to organized crime, when not backed by concrete data, is seriously disinformative and offensive content. It added that free speech in political debate does not allow grave accusations without minimal proof.

The Federal Police Operation Behind the Posts

Operation Unha e Carne is a Federal Police investigation into a group suspected of laundering money through fuel stations in the Rio de Janeiro metropolitan area. The police launched its eighth phase on Thursday 15 October 2026 with warrants authorised by Supreme Court Justice Alexandre de Moraes.

That phase led to the arrest of Márcio Canella, a state assembly deputy-elect who won the second-most votes in Rio, and of former state Civil Police secretary Marcus Amim, which we covered in Brazil Arrests Márcio Canella in Fuel Probe. Poder360 reported that the police say the scheme laundered R$7.6 billion (about US$1.5 billion at the central bank’s 20 October rate) over six years.

Canella, of the União Brasil party, had been a Senate pre-candidate, and Poder360 reports that Flávio posted a video backing that bid on 22 April before Canella dropped out in August. On the day of the arrest Lula linked Flávio to Canella in a TV Globo interview, and Poder360 says it received no reply from Flávio’s campaign.

The posts under review were challenged months before the 15 October arrests, and Poder360’s report of Tuesday’s ruling does not mention Canella. The TSE has not said whether its test would reach statements about Canella such as Lula’s.

What It Means for You

For investors in Brazilian assets, including shares listed in New York, the ruling changes nothing about the runoff calendar, the ballot or the count. It does show the referee acting in the final week: a Brazil court upholds orders against unsupported criminal claims, which is part of the risk picture around Sunday’s vote.

For social media users and platforms, an order of this kind carries a 24-hour removal deadline and a ban on reposting equivalent content. The TSE summary names no platform, so it is not clear which companies received the notification.

Our guides Brazil power structure explained and Brazil geopolitics explained explain who holds power in Brazil and why the vote matters abroad. Our Rio de Janeiro expat city guide covers the Rio area where the fuel-station investigation is based.

What Prediction Markets Say

On Polymarket, an online prediction market, bettors give Flávio Bolsonaro an 80.0% chance of winning the 25 October runoff and Lula 20.5% (21 October, 2:50 a.m. ET). The Brazil Presidential Election event has drawn about US$190 million in bets, with about US$23.9 million on the Flávio contract, US$27.6 million on the Lula contract and about US$1.2 million traded in the past 24 hours.

Over those 24 hours the Flávio price rose about 3 points and the Lula price fell about 2 points, and we draw no link between those moves and the ruling. These prices are bets, not polls, and live prices are on our odds page.

Prediction markets · who wins the runoff

Implied chance of winning Brazil’s presidency on 25 October, from traders’ prices.

Polymarket

Flávio Bolsonaro 80% · Lula 19.5% (US$190 million traded)

Kalshi (regulated in the US by the CFTC)

Flávio Bolsonaro 81% · Lula 20%

As of 21 October, 3:20 am ET (08:20 Lisbon), updated every 20 minutes. Prices are bets, not polls, and can move fast.

Why we show this: prediction markets turn real-money bets into a live probability that moves within minutes of the news, which is why investors, campaigns and newsrooms in the United States now follow them closely. We show them next to polls and official results, never instead of them.

Why we show this: prediction markets turn real-money bets into a live probability that moves within minutes of the news, which is why investors, campaigns and newsrooms in the United States now follow them closely. We show them next to polls and official results, never instead of them.

What Is Not Known

The full text of the plenary decision and the vote record were not available, so the details here rest on the TSE news summary of 20 October and on Poder360’s report. Neither says which platform carried the posts or how many posts were removed.

No reply from the four politicians or the account operators, and no appeal, had been found by the morning of 21 October 2026. It is not known whether they will challenge the decision.

Floriano described the court’s settled case law as holding that attributing criminal conduct to a candidate without a conviction falls outside political criticism. It is not known how that test will apply to other posts, from either camp, before Sunday.

Separately, G1 reported on 18 October that the Supreme Court opened an inquiry into suspected money laundering involving the lawyer Willer Tomaz, his companies and Flávio, with Justice Moraes as rapporteur. G1 says Flávio and Tomaz describe themselves as friends and deny doing business together, and the TSE ruling does not address that case.

Frequently Asked Questions

What did the Brazil electoral court decide on 20 October?

The Superior Electoral Court voted unanimously to uphold an injunction ordering the removal of social media posts that linked Flávio Bolsonaro to the Federal Police’s Operation Unha e Carne and to crimes. It also bars republishing the same or substantially identical content.

Is Flávio Bolsonaro under investigation in Operation Unha e Carne?

His defense says he is not investigated, cited or mentioned in the operation. The court found that the posts gave no concrete data or formal investigation tying him to it.

Who brought the case and who is accused?

The Liberal Party’s national directorate filed it against Guilherme Boulos, Gleisi Hoffmann, Lindbergh Farias, Rogério Correia and the operators of several social media accounts. Justice Estela Aranha is the rapporteur.

When is the Brazil runoff?

Brazil votes on Sunday 25 October 2026 in the runoff between Lula and Flávio Bolsonaro. The first round was held on Sunday 4 October.

What does it mean for US readers?

It shows why a Brazil court upholds orders against unsupported criminal claims in the final week of a runoff that US investors are watching. It does not change the date, the ballot or the count.

Sources: Superior Electoral Court, 20 October 2026; Superior Electoral Court, 23 June 2026; Poder360, 20 October 2026; Poder360, 20 October 2026; Poder360, 15 October 2026; Poder360, 15 October 2026; G1, 18 October 2026; Central Bank of Brazil exchange rates, 20 October 2026.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief

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