IBOV 205,430.33 ▲ 0.54% IPSA 10,969.16 ▼ 0.02% IPC MEX 67,663.29 ▲ 1.31% MERVAL 2,848,945 ▼ 0.35% COLCAP 2,566.28 ▼ 0.55% BVL PERÚ 60,210.69 ▼ 0.91% USD/BRL5.07▼ 0.54% USD/MXN18.48▲ 0.36% USD/CLP984.38▲ 0.32% USD/COP3,167▼ 0.87% USD/PEN3.43▼ 0.11% 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/BRL5.71▲ 1.16% 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 10,969.16 ▼ 0.02% IPC MEX 67,663.29 ▲ 1.31% 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
Friday, October 16, 2026

Brazil Brazil Elections 2026

Court Denies Flávio Bid to Stop Lula Rallies

By · October 16, 2026 · 5 min read
Entrance of the building of the Court of Arbitration for Sport in Lausanne, Switzerland
The Castle of Béthusy in Lausanne, Switzerland, headquarters of the Court of Arbitration for Sport, in September 2012 (Photo: Fanny Schertzer, CC BY 3.0, via Wikimedia Commons)

BRAZIL · ELECTIONS

Published Friday, 16 October, 6:30 p.m. ET · Source: Superior Electoral Court (TSE) ruling

Key Facts

  • What happened On Friday 16 October, the electoral court (TSE) was reported to have rejected a request by Flávio Bolsonaro’s campaign to stop pro-Lula demonstrations by students, unions and social movements.
  • Who ruled Ricardo Villás Bôas Cueva, the court’s inspector-general of electoral justice, who oversees campaign-misconduct cases.
  • Why it matters The decision keeps the National Students’ Union (UNE) and union federations free to campaign for President Lula until the runoff on Sunday 25 October.
  • Still open A separate investigation into alleged abuse of power by Lula, Vice President Geraldo Alckmin and five union leaders continues.
  • 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 (16 October, 6:01 p.m. ET). Polymarket puts Flávio Bolsonaro’s chance of winning at 77% and Kalshi at 76% (Lula: 24% and 23%), as of 16 October, 6:00 pm ET; prices are bets, not polls.

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 has rejected a request by Flávio Bolsonaro’s campaign to ban pro-Lula demonstrations by students, unions and social movements before the runoff. Ricardo Villás Bôas Cueva, the court’s inspector-general of electoral justice, ruled this week, with the decision reported on Friday 16 October, CNN Brasil said.

The ruling matters for the Brazil election 2026 because it leaves organised groups free to campaign for President Luiz Inácio Lula da Silva until the vote on Sunday 25 October. Flávio Bolsonaro is a senator for Rio de Janeiro and the conservative candidate.

What the Campaign Asked For

The campaign of Flávio Bolsonaro, of the conservative Liberal Party (PL), asked the court to restrain student groups, union federations and social movements backing Lula in the runoff, CNN Brasil and Agenda do Poder reported. It also sought limits on the official channels of student leaders and a ban on political debates on university campuses.

In a related request, the campaign asked the court to stop unions and student bodies from using facilities, staff, vehicles and money to support Lula until 25 October, Brasil 247 reported. It also wanted the National Students’ Union (UNE) to tell student groups not to distribute campaign material.

Empty presiding table with blue leather chairs, flowers and a Brazilian flag in the Federal Senate chamber in Brasília
The Federal Senate chamber in Brasília. File photo. (Photo: Agência Senado, via Wikimedia Commons)
RT
Ask Rio Times
This story and the bigger picture.
Open the full Ask Rio Times →

Why the Court Said No

Cueva said a ban of that breadth could have an improper chilling effect on fundamental rights and come close to prior censorship, Brasil 247 and Metrópoles reported. He added that calling a message electoral propaganda requires a case-by-case look at its content and circumstances.

On the students, he relied on a Supreme Court precedent known as ADPF 548, which found it unconstitutional to repress free expression in public universities, CNN Brasil reported. He also found the request too vague about who it targeted and too thinly evidenced.

The Investigation That Continues

The ruling leaves in place a formal electoral investigation, called an AIJE, that the campaign filed against Lula, Vice President Geraldo Alckmin and five union leaders, Brasil 247 and Metrópoles reported. It alleges abuse of economic and political power.

Lula, Alckmin and the five leaders have five days to file a defence. The campaign has 72 hours to describe in detail the alleged conduct of 37 other union directors it cited, Brasil 247 reported.

What It Means for US Readers

If you follow Brazil as an investor, the ruling removes one legal risk to Lula’s campaign mobilisation in the final nine days. It does not settle the investigation, so more court filings could follow before the vote.

The Brazil election polls tracker shows where the race stands.

If you hold US-listed Brazilian shares, courts have become a regular part of this campaign. Both sides keep testing what the electoral court will allow, and it has so far ruled case by case rather than in sweeping bans.

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% (16 October, 6:01 p.m. ET). The “Brazil Presidential Election” market has 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 76.8% · Lula 23.5% (US$185 million traded)

Kalshi (regulated in the US by the CFTC)

Flávio Bolsonaro 76% · Lula 23%

As of 16 October, 6:00 pm ET (23:00 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 whether the investigation will lead to any penalty before 25 October. The defence deadlines run for days, and the court has not said when it will rule.

Nor is it clear whether the campaign will appeal or file a narrower request. The reports we reviewed do not say.

Frequently Asked Questions

Why did Brazil’s electoral court reject Flávio Bolsonaro’s request?

The inspector-general said a ban of that breadth could amount to prior censorship. He also found the request too vague and too thinly evidenced.

What is UNE?

UNE is the National Students’ Union, Brazil’s main university student federation. It campaigns for Lula in the runoff.

Is Lula under investigation by the electoral court?

An electoral investigation (AIJE) filed by the campaign names Lula, Vice President Geraldo Alckmin and five union leaders. They have five days to file a defence.

When is Brazil’s runoff?

Brazilians vote on Sunday 25 October, nine days after the decision was reported. The runoff is between President Lula and Senator Flávio Bolsonaro.

Sources: CNN Brasil, 16 October 2026; Metrópoles, 2026; Brasil 247, 16 October 2026; Agenda do Poder, 16 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.