IBOV 204,626.74 ▲ 0.15% IPSA 10,944.69 ▼ 0.25% IPC MEX 67,663.29 ▲ 1.31% MERVAL 2,848,932 ▼ 0.35% COLCAP 2,577.69 ▼ 0.11% BVL PERÚ 60,210.69 ▼ 0.11% USD/BRL5.07▼ 0.46% USD/MXN18.50▲ 0.47% USD/CLP984.40▲ 0.32% USD/COP3,163▼ 1.02% USD/PEN3.44▼ 0.01% USD/ARS1,518▲ 0.30% USD/UYU40.13▲ 3.08% USD/PYG5,686▲ 3.07% USD/BOB11.61▲ 2.27% USD/DOP61.26▲ 0.43% USD/CRC448.47▲ 1.59% USD/GTQ7.65▲ 3.30% USD/HNL26.86▲ 0.34% USD/NIO36.62▼ 0.07% USD/VES877.92▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.73▲ 2.13% EUR/BRL5.70▲ 1.06% 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 204,626.74 ▲ 0.15% IPSA 10,944.69 ▼ 0.25% IPC MEX 67,663.29 ▲ 1.31% MERVAL 2,848,932 ▼ 0.35% COLCAP 2,577.69 ▼ 0.11% BVL PERÚ 60,210.69 ▼ 0.11% 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 16, 2026

Brazil Brazil Elections 2026

Ciro’s Running Mate Backs Flávio Bolsonaro

By · October 16, 2026 · 5 min read
Brazil's Supreme Federal Court building lit in green at night in Brasília, with the bronze Warriors sculpture to the left and light trails from passing cars
Brazil's Supreme Federal Court on the Three Powers Square in Brasília, seen from the presidential palace. File photo, 2025. (Photo: Falcão Alado, CC BY-SA 4.0, via Wikimedia Commons)

BRAZIL · ELECTIONS

Published Friday, 16 October, 3:28 p.m. ET · Source: Roberto Cláudio, Instagram video; O Povo

Key Facts

  • Who Roberto Cláudio, a physician and former mayor of Fortaleza, was the running mate of former presidential candidate Ciro Gomes in the Ceará governor race.
  • What happened On Friday 16 October he said in an Instagram video that he will vote for Flávio Bolsonaro in the presidential runoff.
  • The runoff Brazil votes on Sunday 25 October, nine days from now, with Flávio Bolsonaro facing President Lula.
  • Ciro Gomes Ciro Gomes, leader of the Brazilian Social Democracy Party (PSDB), has not endorsed either candidate.
  • 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 76.8% chance of winning the 25 October runoff and Lula 22.5% (16 October, 3:28 p.m. ET). Polymarket puts Flávio Bolsonaro’s chance of winning at 77% and Kalshi at 77% (Lula: 23% and 24%), as of 16 October, 3:20 pm ET; prices are bets, not polls.
  • Still open Whether the endorsement moves any votes in Ceará, or whether Ciro Gomes follows, is not known.

Runoff · Sunday, 25 October

Brazil Runoff 2026: Lula vs Flávio

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

Read the runoff guide →

Brazil election 2026 · Brazil election polls · Brazil election odds · Brazil runoff date and results start · Brazil election results · All election stories

Roberto Cláudio, the former running mate of Ciro Gomes in Ceará, announced on Friday 16 October that he will vote for Flávio Bolsonaro in the Brazil election 2026 runoff. Flávio Bolsonaro is the conservative senator for Rio de Janeiro who faces President Luiz Inácio Lula da Silva on Sunday 25 October.

Cláudio is a former mayor of Fortaleza, the capital of Ceará state in Brazil’s Northeast, a region that has long backed Lula’s Workers’ Party (PT). His move matters because Polymarket, a prediction market, already gives Flávio Bolsonaro the better odds, and the Brazil election odds react quickly to news of this kind.

What Roberto Cláudio Said

In the video, Cláudio said: “I vote for the possibility of change, which is why I now vote Flávio 22,” according to O Povo. The number 22 is the ballot number of Flávio Bolsonaro’s Liberal Party (PL).

He told Blog do Eliomar he would “bet on change,” adding that “we already know the certain path of disaster.” He also said Lula and Ceará Governor Elmano de Freitas showed “mockery in terrible taste” toward Ciro Gomes after the vote, O Povo reported.

Wide fisheye view of senators at their desks in the blue plenary chamber of Brazil's Federal Senate in Brasília
Senators in the plenary of Brazil’s Federal Senate in Brasília. File photo. (Photo: Senado Federal – TV Senado, CC BY-SA 4.0, via Wikimedia Commons)
RT
Ask Rio Times
This story and the bigger picture.
Open the full Ask Rio Times →

How the Ceará Race Ended

Governor Elmano de Freitas of the PT won re-election in the first round on 4 October with 53.19% of the vote, O Povo reported. Ciro Gomes finished second with 46.22%.

Cláudio belongs to the Brazil Union party (União Brasil), while Ciro Gomes leads the PSDB. The PSDB has left its members free to choose in the runoff, according to O Povo.

Where Ciro Gomes Stands

Ciro Gomes, a former presidential candidate, had not endorsed Lula or Flávio Bolsonaro by Friday afternoon, O Povo reported. Cláudio spoke for himself and not for the former ticket, Blog do Eliomar said.

Our report on the latest Datafolha survey shows the Brazil runoff poll at 51% to 49% of valid votes, a technical tie. That poll was published on 15 October, before this endorsement, and the full list is in the Brazil election polls tracker.

What It Means for US Readers

A single endorsement from a defeated running mate does not decide a national runoff. It does show that the opposition to Lula is gathering names in the Northeast, which is where the PT has drawn much of its strength.

If you hold Brazilian stocks or US-listed shares of Brazilian companies, headlines like this can move prices until 25 October. The winner will also shape Brazil’s trade and diplomacy with Washington for the next four years.

What Prediction Markets Say

On Polymarket, bettors give Flávio Bolsonaro a 76.8% chance of winning the 25 October runoff and Lula 22.5% (16 October, 3:28 p.m. ET). The “Brazil Presidential Election” market has drawn about US$184.8 million in total bets.

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 76.7% · Lula 22.5% (US$185 million traded)

Kalshi (regulated in the US by the CFTC)

Flávio Bolsonaro 77% · Lula 24%

As of 16 October, 3:20 pm ET (20:20 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

It is not known whether Ciro Gomes will endorse a candidate, or whether Cláudio’s supporters in Fortaleza will follow his lead. No poll yet measures the effect of the endorsement.

Datafolha and other pollsters are due to publish new runoff surveys before the vote. Any poll shows opinion on the days of the interviews and does not forecast the result.

Frequently Asked Questions

Who is Roberto Cláudio and what did he announce?

Roberto Cláudio is a physician and former mayor of Fortaleza who ran as Ciro Gomes’s vice-governor candidate in Ceará. On Friday 16 October he said he will vote for Flávio Bolsonaro in the presidential runoff.

Has Ciro Gomes endorsed a candidate in the Brazil runoff?

No, not as of Friday 16 October. His party, the PSDB, has left its members free to choose.

When is the Brazil runoff?

Brazilians vote on Sunday 25 October, nine days after this announcement. The winner is either President Lula or Senator Flávio Bolsonaro.

Does the endorsement change the Brazil runoff polls?

No poll has measured it yet. The latest Datafolha survey, published on 15 October before the endorsement, had Flávio Bolsonaro at 51% and Lula at 49% of valid votes.

What do prediction markets say about the Brazil runoff?

On Polymarket, Flávio Bolsonaro stood at 76.8% and Lula at 22.5% on 16 October at 3:28 p.m. ET. These are bets, not polls.

Sources: O Povo, 16 October 2026; O Povo (column Vertical), 16 October 2026; Blog do Eliomar, 16 October 2026; O Povo, 5 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

The LatAm Brief

One email, every weekday morning. What moved in Latin American markets, politics and expat life.

Yesterday’s subject line: “IMF sees Brazil as 8th-largest economy by 2027”

Free. We send a confirmation link first — nothing arrives until you click it. Unsubscribe with one click in any edition. If you stop opening us for 30 days we stop sending by ourselves, as we assume the interest is no longer there. See our privacy policy. We never share your email.

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.