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▲ 0.17% USD/CLP985.57▲ 0.39% USD/COP3,182▲ 0.05% USD/PEN3.44▲ 0.17% USD/ARS1,527▲ 0.08% USD/UYU40.09▲ 3.18% USD/PYG5,709▲ 2.85% USD/BOB11.70▲ 3.25% USD/DOP61.09▼ 0.02% 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/BRL5.67▲ 0.55% 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
Thursday, October 22, 2026

Brazil Brazil Elections 2026

Michelle Bolsonaro Emerges as Strongest Conservative Challenger for 2026 Brazilian Election

By · November 12, 2024 · 2 min read

A recent poll by the MDA Institute for the National Transport Confederation (CNT) reveals Michelle Bolsonaro as the most formidable conservative challenger to President Luiz Inácio Lula da Silva in the 2026 Brazilian election.

The survey, released on Tuesday, November 12, 2024, tested various scenarios without former President Jair Bolsonaro. The poll shows Michelle Bolsonaro outperforming other right-wing figures.

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

Prediction markets · who wins the runoff

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

Polymarket

Flávio Bolsonaro 76.9% · Lula 23.5% (US$192 million traded)

Kalshi (regulated in the US by the CFTC)

Flávio Bolsonaro 75% · Lula 25%

As of 22 October, 6:40 pm ET (23:40 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.

This includes influencer Pablo Marçal and São Paulo Governor Tarcísio de Freitas. In a hypothetical matchup, Lula leads with 34.1% of voting intentions, while Michelle garners 20.5% and Marçal trails at 14.1%.

Former minister Ciro Gomes and current Planning Minister Simone Tebet round out the field with 9.3% and 9.2%, respectively. When Governor Tarcísio replaces Michelle in the scenario, Lula’s support rises slightly to 35.2%, with Marçal at 16.9% and Tarcísio at 15%.

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.
Open the Data Room · Download the CSV · Embed the chart

The survey also explored voter preferences within ideological groups. Among right-leaning and center-right voters, Jair Bolsonaro remains the top choice at 47.9%.

Michelle Bolsonaro Emerges as Strongest Conservative Challenger for 2026 Brazilian Election
Michelle Bolsonaro Emerges as Strongest Conservative Challenger for 2026 Brazilian Election.
RT
Ask Rio Times
This story and the bigger picture.
Open the full Ask Rio Times →

However, if he cannot run, Tarcísio (22.6%), Michelle (21.9%), and Marçal (20.3%) emerge as potential alternatives.

Brazil’s Political Landscape

On the left, Lula dominates with 60.2% support from left and center-left voters. If Lula opts out, Finance Minister Fernando Haddad leads with 31.3%, followed by federal deputy Guilherme Boulos at 17.5% and Vice President Geraldo Alckmin at 15%.

Jair Bolsonaro’s ineligibility until 2030, due to a controversial meeting with ambassadors during his presidency, has reshaped the political landscape.

This ruling by the Superior Electoral Court (TSE) stems from Bolsonaro’s claims about Brazil‘s electronic voting system before the 2022 election. The MDA poll carries a margin of error of 2.2 percentage points.

As Brazil’s political scene evolves, these figures offer insight into potential outcomes for the 2026 election, highlighting the ongoing influence of the Bolsonaro name in Brazilian politics.

For the full picture, see our Brazil Elections 2026: Complete Guide.

For the full picture, see our Brazil Tax Reform: Complete Guide.

This article was drafted with automated assistance and reviewed before publication. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief

Free · Any country in the world · Prediction markets
Want prediction market reports on your country?
Pick any country in the world. Your report arrives the moment you confirm, then every Sunday: what the markets say about elections, currencies and policy there, with volumes and plain-English explanations.
Free. We first send you an email to confirm your address, and nothing else arrives until you click its link. You then get your country report right after you confirm, then every Sunday and our free daily briefing for your region. Unsubscribe with one click at any time; see our privacy policy.
The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map →

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.