IBOV 205,430.33 ▲ 0.54% IPSA 10,970.29 ▼ 0.01% 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/BRL5.07▲ 0.09% USD/MXN18.48▲ 0.36% USD/CLP984.38— 0.00% USD/COP3,171▼ 0.15% 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— 0.00% 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 10,970.29 ▼ 0.01% 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
Sunday, October 18, 2026

Lula Leads 51% to 49% in Vox Brasil Poll

By · October 18, 2026 · 5 min read
The Banco Central do Brasil tower framed by a concrete overpass in Brasília, seen from below
The central bank tower seen from street level in Brasília, file photo, 2023. (Photo: Agência Senado, CC BY 2.0, via Wikimedia Commons)

BRAZIL · ELECTIONS

Published Sunday, 18 October, 5:34 AM ET · Source: Vox Brasil, registered with the electoral court (TSE) as BR-04332/2026

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 Vox Brasil, a Brazilian polling institute, published a runoff survey that puts Lula narrowly ahead in a technical tie.
  • The numbers Lula has 51% of valid votes and Flávio Bolsonaro 49%, while raw totals read 46.4% to 44.6%.
  • Margin of error 2.15 percentage points at 95% confidence, so the 1.8-point raw gap is inside the margin.
  • Fieldwork 2,100 voters aged 16 or older, interviewed from 15 to 17 October.
  • 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 an 80.8% chance of winning the 25 October runoff (18 October, 5:33 a.m. ET). Polymarket puts Flávio Bolsonaro’s chance of winning at 81% and Kalshi at 79% (Lula: 20% and 21%), as of 18 October, 5:20 am ET; prices are bets, not polls.
  • Still open Most other recent surveys, including Datafolha and Quaest, have Flávio ahead by the same 51% to 49% margin.

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

Vox Brasil, a Brazilian polling institute, put Luiz Inácio Lula da Silva, Brazil’s president, at 51% and Flávio Bolsonaro, senator for Rio de Janeiro, at 49% of valid votes in a runoff survey reported from 11:01 p.m. ET on Saturday 17 October. The result keeps the Brazil election 2026 race a technical tie.

The vote on Sunday 25 October decides who runs Latin America’s largest economy, which matters for Brazilian stocks, the real and trade with Washington. Our Brazil election polls tracker lists every survey, our Brazil election odds page follows the betting markets, and the Brazil runoff date page explains how to follow the count.

What the Vox Brasil Poll Found

Vox Brasil Opinião e Pesquisas interviewed 2,100 voters aged 16 or older from 15 to 17 October, with a 2.15-point margin of error and a 95% confidence level, Metrópoles and tmc.com.br reported. The survey is registered with the electoral court under number BR-04332/2026.

Lula has 46.4% and Flávio Bolsonaro 44.6% of all answers, with 5% blank, null or for neither and 3.9% undecided, according to Metrópoles. Once those answers are set aside, the split is 51% to 49% in Lula’s favour.

Voters were also asked whom they would never back, and 45.3% named Lula and 45.3% named Flávio, Metrópoles reported. Rejection is a measure of how many voters a candidate cannot win over.

Empty presiding table with blue leather chairs, flowers and a Brazilian flag in the Federal Senate chamber in Brasília
The presiding table of the Federal Senate chamber in Brasília. File photo. (Photo: Boaventuravinicius, CC BY-SA 4.0, via Wikimedia Commons)
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How It Compares With Earlier Surveys

The institute’s previous runoff survey, taken from 5 to 7 October, had Lula at 44.2% and Flávio at 42.7% of all answers, Correio da Manhã reported. The raw gap is therefore 1.8 points now against 1.5 points then, a change well inside the margin of error.

Both candidates gained as undecided voters fell from 9.7% to 3.9%, while blank and null answers rose from 3.4% to 5%. The shift shows more voters choosing a side as the vote approaches.

Other pollsters see the race the other way round. Datafolha, linked to the newspaper Folha de S.Paulo, had Flávio at 51% and Lula at 49% of valid votes, Jornal Opção reported, and O Povo reported the same split from Quaest.

Our earlier report on the Datafolha runoff poll explains how valid votes and technical ties work.

Wide fisheye view of senators at their desks in the blue plenary chamber of Brazil's Federal Senate
Senators in the plenary of Brazil’s Federal Senate. File photo. (Photo: Senado Federal – TV Senado, CC BY-SA 4.0, via Wikimedia Commons)

What It Means for US Readers

If you hold Brazilian stocks, bonds or US-listed shares of Brazilian companies, polls that disagree on the leader can mean price swings until the result is known. A single survey does not settle the race, and the 2-point gaps in most polls sit inside their margins of error.

If you follow US politics or trade, the winner will set Brazil’s course with Washington for the next four years. Read the average of all polls, not one survey, and treat each result as a snapshot of the days of the interviews.

What Prediction Markets Say

On Polymarket, an online prediction market, bettors give Flávio Bolsonaro an 80.8% chance of winning the 25 October runoff, against 19.5% for Lula (18 October, 5:33 a.m. ET). The “Brazil Presidential Election” market has drawn about US$186.9 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 80.8% · Lula 19.5% (US$187 million traded)

Kalshi (regulated in the US by the CFTC)

Flávio Bolsonaro 79% · Lula 21%

As of 18 October, 5:20 am ET (10:20 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 institute’s full questionnaire was not available to us, and Metrópoles does not state the interview method. Neither detail is known to change the headline figures.

It is not known how undecided and swing voters will behave on 25 October, or how many will turn out. Any poll measures opinion on the days of the interviews and does not forecast the result.

Frequently Asked Questions

Who leads Brazil’s latest Vox Brasil runoff poll?

Lula leads with 51% of valid votes against 49% for Flávio Bolsonaro. Raw totals are 46.4% to 44.6%, which is a technical tie.

What is the margin of error of the Vox Brasil poll?

It is 2.15 percentage points at a 95% confidence level, with 2,100 voters interviewed from 15 to 17 October. The 1.8-point raw gap between the candidates is inside that margin.

How did the Vox Brasil poll change from the previous one?

On 5 to 7 October the institute had Lula at 44.2% and Flávio at 42.7% of all answers. Undecided voters have since fallen from 9.7% to 3.9%.

Do other polls agree with Vox Brasil?

Not on the leader. Datafolha and Quaest both have Flávio Bolsonaro ahead 51% to 49% in valid votes.

When is Brazil’s runoff?

Brazilians vote on Sunday 25 October 2026, one week after this poll was published. The winner takes office as president for a four-year term.

Sources: Metrópoles, 18 October 2026; tmc.com.br, 18 October 2026; Correio da Manhã, 9 October 2026; Jornal Opção, 15 October 2026; O Povo, 15 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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