IBOV 172,350.73 ▲ 0.60% IPC MEX 71,811.20 ▼ 0.27% MERVAL 2,848,945 — — USD/BRL5.65▲ 0.21% USD/MXN18.53▼ 0.36% USD/CLP994.13▼ 0.14% USD/COP3,317▲ 1.14% USD/PEN3.40▼ 0.18% USD/ARS1,544▼ 0.11% USD/UYU40.59▲ 2.33% USD/PYG6,196▲ 2.33% USD/BOB11.59▼ 0.37% USD/DOP60.59▲ 1.85% USD/CRC442.74▼ 0.10% USD/GTQ7.64▲ 2.06% USD/HNL26.91▲ 2.15% USD/NIO36.62▲ 1.57% USD/VES909.35▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.69▲ 1.39% USD/TTD6.75▲ 1.58% EUR/BRL6.23▲ 0.68% BRENT 95.77 ▼ 0.05% WTI 88.52 ▼ 0.25% IRON ORE 161.91 — — COPPER 6.08 ▼ 1.67% GOLD 3,882 ▼ 0.08% SILVER 48.93 ▼ 2.09% SOY 1,233 ▲ 0.47% CORN 446.00 ▲ 0.79% WHEAT 593.50 ▲ 1.58% COFFEE 274.00 ▼ 2.21% SUGAR 18.40 ▲ 0.99% ORANGE JUICE 136.85 ▼ 2.91% COTTON 79.02 ▲ 0.44% COCOA 5,267 ▲ 3.97% BEEF 224.93 ▲ 2.75% CATTLE 335.65 ▼ 0.01% LITHIUM 58.66 ▼ 1.30% PETR4 45.21 ▲ 1.14% VALE3 63.45 ▼ 0.78% ITUB4 42.17 ▲ 1.18% BBDC4 14.44 ▲ 0.84% ABEV3 15.74 ▼ 0.06% BBAS3 15.13 ▼ 2.26% B3SA3 14.81 ▲ 0.34% WEGE3 51.19 ▼ 0.89% PRIO3 63.24 ▼ 0.09% SUZB3 55.06 ▼ 1.75% RENT3 30.08 ▲ 1.69% AZZA3 15.96 ▼ 5.56% CSAN3 3.01 ▲ 5.61% RAIZ4 20.00 ▼ 6.67% PCAR3 2.54 ▲ 6.28% GMAT3 4.18 ▲ 8.85% PSSA3 46.47 ▲ 1.15% CVCB3 0.83 ▼ 1.19% POSI3 3.12 ▼ 7.42% SLCE3 18.11 ▼ 1.36% NATU3 5.12 ▼ 3.94% BRKM5 3.09 ▲ 0.65% RANI3 8.15 ▼ 0.37% CSNA3 3.85 ▼ 8.98% IBOV 172,350.73 ▲ 0.60% IPC MEX 71,811.20 ▼ 0.27% MERVAL 2,848,945 — — USD/BRL 5.65 ▲ 0.19% USD/MXN 18.53 ▼ 0.39% USD/CLP 994.13 ▼ 0.14% USD/COP 3,317 ▲ 1.14% USD/PEN 3.40 ▼ 0.18% USD/ARS 1,544 ▼ 0.11% USD/UYU 40.59 ▲ 2.33% USD/PYG 6,196 ▲ 2.33% USD/BOB 11.59 ▼ 0.37% USD/DOP 60.59 ▲ 1.85% USD/CRC 442.74 ▼ 0.10% USD/GTQ 7.64 ▲ 2.06% USD/HNL 26.91 ▲ 2.15% USD/NIO 36.62 ▲ 1.57% USD/VES 909.35 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 1.39% USD/TTD 6.75 ▲ 1.58% EUR/BRL 6.23 ▲ 0.68% BRENT 95.77 ▼ 0.05% WTI 88.52 ▼ 0.25% IRON ORE 161.91 — — COPPER 6.08 ▼ 1.67% GOLD 3,882 ▼ 0.08% SILVER 48.93 ▼ 2.09% SOY 1,233 ▲ 0.47% CORN 446.00 ▲ 0.79% WHEAT 593.50 ▲ 1.58% COFFEE 274.00 ▼ 2.21% SUGAR 18.40 ▲ 0.99% ORANGE JUICE 136.85 ▼ 2.91% COTTON 79.02 ▲ 0.44% COCOA 5,267 ▲ 3.97% BEEF 224.93 ▲ 2.75% CATTLE 335.65 ▼ 0.01% LITHIUM 58.66 ▼ 1.30% PETR4 45.21 ▲ 1.14% VALE3 63.45 ▼ 0.78% ITUB4 42.17 ▲ 1.18% BBDC4 14.44 ▲ 0.84% ABEV3 15.74 ▼ 0.06% BBAS3 15.13 ▼ 2.26% B3SA3 14.81 ▲ 0.34% WEGE3 51.19 ▼ 0.89% PRIO3 63.24 ▼ 0.09% SUZB3 55.06 ▼ 1.75% RENT3 30.08 ▲ 1.69% AZZA3 15.96 ▼ 5.56% CSAN3 3.01 ▲ 5.61% RAIZ4 20.00 ▼ 6.67% PCAR3 2.54 ▲ 6.28% GMAT3 4.18 ▲ 8.85% PSSA3 46.47 ▲ 1.15% CVCB3 0.83 ▼ 1.19% POSI3 3.12 ▼ 7.42% SLCE3 18.11 ▼ 1.36% NATU3 5.12 ▼ 3.94% BRKM5 3.09 ▲ 0.65% RANI3 8.15 ▼ 0.37% CSNA3 3.85 ▼ 8.98%
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Friday, November 13, 2026

Brazil Latin America

Brazil Election 2026: Lula Leads First Round, Runoff a Dead Heat in Final AtlasIntel Poll

By · · 7 min read

Latest — 30 September 2026

A Meio/Ideia poll released today (fieldwork 25–28 September) puts Lula on 39.4% and Flávio Bolsonaro on 38.4% in the first round, a statistical tie, and 48.5% to 48% in a runoff simulation. It also finds 31.5% of voters may still change their choice before Sunday. Read: Brazil Poll: 31.5% of Voters May Switch Their Presidential Vote Before Sunday

Also today: a Futura/100% Cidades survey (2,000 telephone interviews, 25–29 September, margin of error ±2.2 points, TSE registration BR-01122/2026) shows Flávio Bolsonaro ahead in a runoff simulation for the first time in this cycle — 49% to Lula’s 43.5%, with 6.2% blank/null and 1.3% undecided. Source: CNN Brasil

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Rio Times chart of recent Brazil runoff polling between Lula and Flávio Bolsonaro
Recent runoff polling between Lula and Flávio Bolsonaro has tightened into a statistical tie. (Chart: The Rio Times)

Brazil · Election 2026

Key Facts

—First round. AtlasIntel’s final pre-election survey puts President Lula on 46.2% of valid votes against 43.1% for senator Flávio Bolsonaro, with Renan Santos third on 5.3%.

—Runoff dead heat. A head-to-head second round is tied at 50% each on valid votes — 47.6% for Lula, 47.7% for Flávio Bolsonaro of all votes, well inside the one-point margin of error.

—Trend. The first-round gap widened again after two consecutive AtlasIntel waves at the tightest margin of the series.

—Method. 5,005 voters interviewed 23–28 September; margin of error one percentage point; registered with the electoral court (TSE) under BR-04391/2026.

—Timing. Brazil votes on Sunday 4 October; if no candidate takes a majority of valid votes, a runoff follows on 25 October.

Brazil’s presidential race closed September with a split picture: President Lula has widened his first-round lead over senator Flávio Bolsonaro in the last AtlasIntel poll before Sunday’s vote, yet a head-to-head runoff remains a statistical dead heat.

What the Poll Shows

AtlasIntel released the survey on Tuesday 29 September, five days before the first round. In the main stimulated scenario, counted on valid votes, which exclude blank, null and undecided ballots, President Luiz Inácio Lula da Silva (PT) leads with 46.2%, followed by senator Flávio Bolsonaro (PL) on 43.1%. Renan Santos (Missão) holds third place with 5.3%, ahead of writer Augusto Cury (Avante) on 2.1%, Ronaldo Caiado (PSD) on 1.8% and Romeu Zema (Novo) on 0.9%; the remaining candidates together account for 0.5%.

Lula speaking at a campaign rally to a crowd
Brazil Election 2026: Lula Leads First Round, Runoff a Dead Heat in Final AtlasIntel Poll

On the broader measure that counts all voting intentions rather than valid votes only, Lula scores 45.3% against Flávio Bolsonaro’s 42.2%, according to figures reported by the legal news portal JOTA. JOTA notes that the distance between the two front-runners grew again after two consecutive waves in which the gap had sat at the narrowest level of AtlasIntel’s 2026 series.

A Runoff Too Close to Call

The headline finding for a potential second round is a dead heat: Lula and Flávio Bolsonaro are tied at 50% each on valid votes. Counting all responses, Poder360 reports Flávio Bolsonaro at 47.7% and Lula at 47.6%, with 4.8% saying they would vote blank, null or did not know — a gap of a tenth of a point, far inside the margin of error.

AtlasIntel simulated four further runoff scenarios, all featuring Lula. The president leads Romeu Zema by 53.5% to 46.5% and Ronaldo Caiado by 51.4% to 48.6% — the latter a competitive but outside-the-margin gap on valid votes. Against Augusto Cury the advantage stretches to 56.1% to 43.9%, and against Renan Santos to 61.6% to 38.4%. No scenario tested shows any challenger defeating Lula outright, but the Flávio Bolsonaro pairing is the only one in which the challenger draws level.

How the Race Has Moved

The scale of the 2026 tightening is visible inside AtlasIntel’s own series. In late July the institute measured Lula at 44.9% of first-round intentions against 35.8% for Flávio Bolsonaro — a nine-point advantage. Through August and early September the challenger closed steadily, and the past fortnight produced the closest readings of the campaign: a week ago the institute’s runoff simulation showed Flávio Bolsonaro marginally ahead, 47.2% to 46.8%, while the first round stood at 45.8% to 43.4%.

The new wave therefore marks a double movement: Lula’s first-round cushion has re-widened from its series low, while the runoff, the scenario that decides the presidency if no one wins outright on Sunday, remains locked in a tie. Poll aggregator averages that blend AtlasIntel with Datafolha, Quaest and BTG/Nexus have consistently shown a somewhat wider Lula advantage, which points to genuine divergence between institutes rather than a settled consensus.

Five Days Out: What It Means

Brazil votes on Sunday 4 October. A candidate needs more than half of valid votes to win in the first round; failing that, the top two meet in a runoff on Sunday 25 October. On these numbers a first-round outright win is out of reach for both front-runners, making 25 October the likeliest decision date — and turning the final week of campaigning, including the last televised debate on Globo on Thursday 1 October, into a fight over the narrow band of undecided voters.

One striking divergence persists between pollsters and prediction markets: as The Rio Times reported this week, betting markets continue to price Flávio Bolsonaro as the favourite even as surveys show a tied runoff and a first-round Lula lead. Both cannot be right for long; the resolution arrives on Sunday night, when Brazil’s electronic ballot boxes deliver results within hours of polls closing.

What We Could Not Confirm

A poll is a snapshot of fieldwork conducted 23–28 September, not a forecast of Sunday’s result; late campaign events can move numbers after fieldwork closes. Institutes diverge meaningfully in 2026: Datafolha, Quaest and BTG/Nexus have at times shown wider Lula leads than AtlasIntel, and the institute’s own series has swung from a nine-point first-round gap in July to a near-tie and back within two months. Poder360’s report referenced a second runoff scenario whose full figures we could not independently verify. How the 4.8% of blank, null and undecided respondents will behave in a runoff is not measurable from this survey.

Background: Brazil Election Results 2026: Live Updates, Vote Count and Runoff Scenarios.

Background: BRICS Just Got Bigger — Who’s In, Who’s Still Out, and Why It Matters.

Background: Brazil: Split Payment, the World’s Broadest Instant Tax Collection, Will Only Be Mandatory in 2028.

Background: Brazil Economy 2026: Growth, Selic, Inflation and Election.

Background: Fintechs and Digital Banks in Brazil 2026: Market Guide.

Background: Brazil Inflation Rate 2026: IPCA, Selic and What’s Next.

Frequently Asked Questions

What does the final AtlasIntel poll show for Brazil’s 2026 election?

Released on 29 September, the poll puts Lula on 46.2% of valid first-round votes against 43.1% for Flávio Bolsonaro, with Renan Santos third on 5.3%. A runoff between the two leaders is tied at 50% each on valid votes.

When does Brazil vote in the 2026 presidential election?

The first round is on Sunday 4 October 2026. If no candidate wins a majority of valid votes, the two front-runners contest a runoff on Sunday 25 October 2026.

How reliable is the AtlasIntel survey?

The institute interviewed 5,005 voters between 23 and 28 September 2026, with a margin of error of one percentage point and 95% confidence, under electoral-court registration BR-04391/2026. Other institutes show somewhat different gaps, so the poll is best read alongside aggregator averages.

What could not be confirmed about the poll?

Poder360 referenced a second runoff scenario whose full figures could not be independently verified. And how the 4.8% of blank, null and undecided respondents will behave in a runoff is not measurable from this survey.

What could not be confirmed about the poll?

Poder360 referenced a second runoff scenario whose full figures could not be independently verified. And how the 4.8% of blank, null and undecided respondents will behave in a runoff is not measurable from this survey.

Sources

Gazeta do Povo · JOTA · Poder360 · VEJA

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Sources: Gazeta do Povo; JOTA; Poder360; VEJA.

This article was produced by The Rio Times’ automated AI newsroom. Editorial responsibility: Matthias Camenzind, Publisher and Editor-in-Chief. The Rio Times also runs Ask Rio Times, which answers from 100,000+ of our own articles, the daily Latin America Power Map, and prediction-market odds on elections and markets.. How we use AI · Report an error

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Brazil runoff date: Sunday, October 25, poll closing times and when results start · Brazil runoff polls: Flávio 51%, Lula 49% · Kalshi and Polymarket odds

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