IBOV 205,430.33 ▲ 0.54% IPSA 11,013.03 ▲ 0.39% IPC MEX 68,929.72 ▲ 1.87% MERVAL 2,848,945 ▼ 0.35% COLCAP 2,566.28 ▼ 0.55% BVL PERÚ 60,210.69 ▼ 0.91% USD/BRL5.04▼ 0.39% USD/MXN18.43▼ 0.35% USD/CLP980.08▼ 0.48% USD/COP3,159▼ 0.38% USD/PEN3.43▼ 0.27% USD/ARS1,521▲ 0.21% USD/UYU40.10▼ 0.09% USD/PYG5,741▲ 0.96% USD/BOB11.62▲ 0.09% USD/DOP61.36▲ 0.16% USD/CRC448.31▼ 0.04% USD/GTQ7.64▼ 0.12% USD/HNL26.86▼ 0.02% USD/NIO36.62— 0.00% USD/VES878.86▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.73▲ 0.06% EUR/BRL5.66▼ 0.41% 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 205,430.33 ▲ 0.54% IPSA 11,013.03 ▲ 0.39% IPC MEX 68,929.72 ▲ 1.87% MERVAL 2,848,945 ▼ 0.35% COLCAP 2,566.28 ▼ 0.55% BVL PERÚ 60,210.69 ▼ 0.91% 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
Monday, October 19, 2026

Brazil Brazil Elections 2026

Brazil Court Gives Meta 24 Hours on Fairness

By · October 19, 2026 · 5 min read
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)

BRAZIL · ELECTIONS

Published Monday, 19 October, 9:30 a.m. ET · Source: Brazil’s electoral court (TSE), as reported by CNN Brasil and Correio Braziliense

Key Facts

  • The country Brazil, Latin America’s largest country, elects its president in a runoff on Sunday 25 October between President Lula and Senator Flávio Bolsonaro.
  • What happened Minister Marco Aurélio Bellizze of the electoral court (TSE) has given Meta 24 hours to prove it is treating both campaigns equally, reports said on Monday 19 October.
  • The penalty The daily fine for non-compliance, now R$500,000 (about US$99,000), rises to R$1 million (about US$198,000) if Meta cannot show full compliance.
  • Why it matters Meta, a US company, owns Facebook, Instagram and WhatsApp, and the court wants proof it treats both runoff campaigns the same.
  • 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 77% chance of winning the 25 October runoff (19 October, 9:20 a.m. ET). Polymarket puts Flávio Bolsonaro’s chance of winning at 77% and Kalshi at 78% (Lula: 24% and 21%), as of 19 October, 10:00 am ET; prices are bets, not polls.
  • Still open Meta had not published its answer in the reports we reviewed, and the start of the 24-hour clock is not stated.

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

Brazil’s electoral court (TSE) has given Meta 24 hours to prove it is treating the campaigns of President Luiz Inácio Lula da Silva and Senator Flávio Bolsonaro equally, CNN Brasil reported on Monday 19 October. If Meta cannot show full compliance, the daily fine doubles from R$500,000 (about US$99,000) to R$1 million (about US$198,000).

The order comes six days before the Brazil election 2026 on Sunday 25 October, and it targets how Instagram, Facebook and WhatsApp show political content. It matters to US readers because Meta is a US-listed company now under court pressure from both camps, and its platforms shape what Brazilians see before they vote.

Dollar figures use the 19 October RT rate of R$5.05 per dollar.

What the Court Ordered Meta to Prove

Minister Bellizze is the TSE judge handling the case, which Lula’s campaign filed against Meta. Meta must send reports in Portuguese that explain each measure it took and what the data it presents means, CNN Brasil reported.

The court wants proof that Meta is not artificially cutting the reach of political content, not leaving posts out of recommendations and not restricting searches unevenly between the two candidates, Correio Braziliense reported. Both outlets say the fine now stands at R$500,000 (about US$99,000) a day.

The blue plenary chamber of Brazil’s Federal Senate in Brasília
The blue plenary chamber of Brazil’s Federal Senate in Brasília. File photo. (Photo: Agência Senado)
RT
Ask Rio Times
This story and the bigger picture.
Open the full Ask Rio Times →

How the Case Reached This Point

Last week the court ordered Meta to treat both campaigns equally through the runoff, with a fine of R$500,000 (about US$99,000) a day, Correio da Manhã reported. The same report says the measures cover a two-hour limit for human review when a campaign account or a boost on a post is restricted automatically.

Lula’s campaign had argued that Meta limited the reach of his posts and that Meta’s artificial intelligence tool refused to create images of him while accepting similar requests for his rival. The minister said there was no proof of deliberate algorithmic manipulation, but found failures in the AI tool, Correio da Manhã reported.

Flávio Bolsonaro’s campaign has since asked to join the case, as our earlier report explains.

What Meta Says

Meta has said it “does not take sides in this or any other election”. The company denies that it favours or interferes against any campaign.

Meta has not yet answered the new order in the reports we reviewed. We will update this report when it files.

What It Means for US Readers

For investors in Meta, the case shows that a Brazilian court can now fine the company up to about US$198,000 a day, a small sum next to its revenue but a sign of regulatory risk in a large market. For anyone following US-Brazil ties, it shows how US platforms are drawn into a foreign election days before the vote.

For readers watching the race, the order is about fairness of distribution, not about who leads. The Polymarket price below shows what bettors expect, and the Brazil election polls lists the latest surveys.

What Prediction Markets Say

On Polymarket, an online prediction market, bettors give Flávio Bolsonaro a 76.8% chance of winning the 25 October runoff and Lula 23.5% (19 October, 9:20 a.m. ET). The “Brazil Presidential Election” market has drawn about US$188 million in total bets, and the Brazil election odds tracks both platforms.

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 76.8% · Lula 23.5% (US$188 million traded)

Kalshi (regulated in the US by the CFTC)

Flávio Bolsonaro 78% · Lula 21%

As of 19 October, 10:00 am ET (15:00 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 when the 24-hour period starts to run, what Meta will tell the court, or whether the court will raise the fine. The reports we reviewed do not give Meta’s answer.

It is also unclear whether the order changes what Brazilian voters see before 25 October. No measurement of that effect has been published.

More Brazil news in English, every day from The Rio Times.

Frequently Asked Questions

What did Brazil’s electoral court order Meta to do?

It has given Meta 24 hours, reported on 19 October, to prove it treats the Lula and Flávio Bolsonaro campaigns equally. Meta must file reports in Portuguese explaining each measure.

How big is the fine for Meta?

The fine is R$500,000 a day, about US$99,000. It rises to R$1 million, about US$198,000, if Meta cannot show full compliance.

Why is Meta in this case?

Lula’s campaign says Meta limited the reach of its posts and that its AI tool treated the candidates differently. Meta says it does not take sides in any election.

When is Brazil’s runoff?

Brazilians vote on Sunday 25 October. The winner takes office as president for a four-year term.

Who is Marco Aurélio Bellizze?

He is the minister of the electoral court (TSE) who is handling the case against Meta. He set the 24-hour deadline.

Sources: CNN Brasil, 19 October 2026; Correio Braziliense, 19 October 2026; Correio da Manhã, 16 October 2026.

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

The LatAm Brief

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

Yesterday’s subject line: “Brazil runoff poll level at 50%, a week before the vote”

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.