IBOV 204,120.12 ▼ 1.15% IPSA 10,780.31 ▼ 1.88% IPC MEX 69,370.40 ▼ 1.25% MERVAL 3,017,221 — — COLCAP 2,528.42 ▼ 1.25% BVL PERÚ 59,561.23 ▼ 4.26% USD/BRL5.05▲ 0.56% USD/MXN18.72▲ 0.21% USD/CLP985.57▲ 0.39% USD/COP3,181▲ 0.02% USD/PEN3.43▼ 0.14% USD/ARS1,527▲ 0.08% USD/UYU40.09▲ 3.18% USD/PYG5,709▲ 2.85% USD/BOB11.70▲ 3.25% USD/DOP61.12▲ 0.03% USD/CRC453.45▲ 3.10% USD/GTQ7.64▲ 3.21% USD/HNL26.87▲ 3.36% USD/NIO36.62▲ 0.04% USD/VES884.01▲ 0.04% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.75▲ 2.63% EUR/BRL5.66▲ 0.47% 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 204,120.12 ▼ 1.15% IPSA 10,780.31 ▼ 1.88% IPC MEX 69,370.40 ▼ 1.25% MERVAL 3,017,221 — — COLCAP 2,528.42 ▼ 1.25% BVL PERÚ 59,561.23 ▼ 4.26% 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
Friday, October 23, 2026

Brazil Brazil Elections 2026

Datafolha Finds 46% Reject Flávio, 45% Lula

By · October 22, 2026 · 5 min read
Old artillery pieces, rocket launchers and framed black-and-white photographs on display in the TPLF museum in Mekelle, Tigray
Weapons and photographs on display at the Tigray People’s Liberation Front museum in Mekelle, pictured in 2008 (file photo). Photo: Owen Barder, CC BY-SA 2.0, via Wikimedia Commons

BRAZIL · ELECTIONS

Published Thursday, 22 October, 10:19 p.m. ET · Source: Datafolha, via Folha de S.Paulo

Key Facts

  • The numbers 46% of voters say they would never vote for Flávio Bolsonaro in the runoff, and 45% say the same of Lula.
  • What changed Flávio’s rejection rose 2 points from 44% a week earlier, while Lula’s fell 1 point from 46%.
  • Who else Another 3% reject both candidates and 6% reject neither, so some outlets report 48% for each.
  • Margin of error 2 points either way at 95% confidence, so the two rejection rates are a statistical tie.
  • Fieldwork 2,154 voters were interviewed from Tuesday 20 to Thursday 22 October (registration BR-09709/2026).
  • Power Index Brazil ranks 1st of 14 in The Rio Times Latin America Power Index, with 75.0 points (October 2026 edition).
  • Prediction markets Polymarket gives Flávio Bolsonaro a 76.6% chance and Lula 23.5% (22 October, 10:19 p.m. ET). Polymarket puts Flávio Bolsonaro’s chance of winning at 77% and Kalshi at 76% (Lula: 24% and 24%), as of 22 October, 10:20 pm ET; prices are bets, not polls.
  • Still open Brazil votes on Sunday 25 October, and the survey cannot say how rejection will turn into votes.

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 new Datafolha poll shows Brazilian voters almost equally unwilling to back either runoff candidate: 46% reject Flávio Bolsonaro and 45% reject Lula. The polling institute released the figures on Thursday 22 October, three days before the Brazil election 2026 runoff.

Brazil Election Data Room
Runoff poll average: Flávio Bolsonaro 50.9%, Lula 49.1%
36 national polls from 20 pollsters since 4 October, updated hourly. Every poll, free to download.
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Flávio Bolsonaro is a conservative senator for Rio de Janeiro, and Luiz Inácio Lula da Silva is Brazil’s president. Rejection means the share of voters who say they would not vote for a candidate under any circumstances, and our Brazil election polls tracker lists every survey.

What the Rejection Numbers Show

Datafolha asked voters in whom they would not vote in the second round, and 46% named Flávio Bolsonaro while 45% named Lula, Metrópoles reported. The survey interviewed 2,154 people aged 16 and older from 20 to 22 October and has a 2-point margin of error.

Another 3% of voters reject both men and 6% reject neither, Poder360 reported. Outlets that add the “both” group to each candidate report 48% for both Flávio and Lula, which is the same result counted differently.

The institute said the two rejection rates are tied within that margin, Metrópoles reported. Datafolha ran the survey for TV Globo and the newspaper Folha de S.Paulo, and the electoral court (TSE) registered it as BR-09709/2026.

A hand presses the green confirm key on a Brazilian electronic voting machine
A hand presses the confirm key on a Brazilian electronic voting machine. File photo, 2021. (Photo: Superior Electoral Court of Brazil, public domain, via Wikimedia Commons)
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How Rejection Moved in a Week

A week earlier, Datafolha found 44% rejecting Flávio and 46% rejecting Lula, O Liberal reported for the poll released on 15 October. Flávio’s rejection has therefore gained 2 points, while Lula’s has lost 1.

Both moves are inside the margin of error, so they show a direction but do not prove a change. Lula was the more rejected candidate last week, and the two are now level.

How This Fits the Vote Poll

The same Datafolha survey has Flávio at 47% and Lula at 46% in raw totals, and each at 50% of valid votes. Our report on that Datafolha poll has the full vote numbers.

Valid votes leave out blank and spoiled ballots, which is how Brazil’s electoral authority announces results. A high rejection rate for both men means many voters will choose the candidate they dislike less.

What It Means for You

If you hold Brazilian stocks, bonds or US-listed shares of Brazilian companies, a race this evenly split can mean sharp price moves when the count ends on Sunday night. Brazil’s currency, the real, is also exposed to the result.

If you follow US trade or politics, the winner sets Brazil’s course with Washington for four years. Rejection is one signal among several, so treat it with the vote figures and not as a forecast.

What Prediction Markets Say

On Polymarket, an online prediction market, traders give Flávio Bolsonaro a 76.6% chance of winning the 25 October runoff and Lula 23.5% (22 October, 10:19 p.m. ET). The “Brazil Presidential Election” market has about US$192 million in trades.

These are bets, not polls, and Polymarket favours Flávio even though the survey shows a tie. 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.

Prediction markets · who wins the runoff

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

Polymarket

Flávio Bolsonaro 76.6% · Lula 23.5% (US$192 million traded)

Kalshi (regulated in the US by the CFTC)

Flávio Bolsonaro 76% · Lula 24%

As of 22 October, 10:20 pm ET (03:20 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.

What Is Not Known

The sources we reviewed do not say how rejection splits by region, income or age. It is not known how many rejected voters will still turn out on Sunday.

Rejection measures a stated attitude on the days of interviews and does not forecast the result. Whether the gap moves again before the vote is not known.

Frequently Asked Questions

Who do more Brazilians reject, Flávio or Lula?

Datafolha found 46% reject Flávio Bolsonaro and 45% reject Lula, a tie within the 2-point margin of error. The poll was released on Thursday 22 October.

What does rejection mean in a poll?

Rejection is the share of voters who say they would not vote for a candidate in any case. Datafolha asked in whom respondents would not vote in the second round.

How did rejection change from last week?

Flávio’s rejection rose from 44% to 46%, and Lula’s fell from 46% to 45%. Both moves are inside the margin of error.

When is Brazil’s runoff?

Brazilians vote on Sunday 25 October, three days after this poll was released. The winner takes office as president for a four-year term.

How many voters did Datafolha interview?

Datafolha interviewed 2,154 voters aged 16 and older from 20 to 22 October. The margin of error is 2 points at a 95% confidence level.

Sources: Metrópoles; Poder360; Space Money; Portal AL7; O Liberal (previous poll, 15 October 2026); other items 22 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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