IBOV 205,151.12 ▼ 0.14% IPSA 10,927.54 ▼ 0.39% IPC MEX 68,929.72 ▲ 1.87% MERVAL 2,848,945 — — COLCAP 2,518.36 ▼ 1.87% BVL PERÚ 59,664.64 ▼ 0.09% USD/BRL5.05▼ 0.34% USD/MXN18.43▼ 0.36% USD/CLP980.64▼ 0.43% USD/COP3,151▼ 0.65% USD/PEN3.43▼ 0.22% USD/ARS1,524▲ 0.41% USD/UYU40.10▼ 0.09% USD/PYG5,741▲ 0.96% USD/BOB11.62▲ 0.09% USD/DOP60.94▼ 0.52% 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▼ 0.42% 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 205,151.12 ▼ 0.14% IPSA 10,927.54 ▼ 0.39% IPC MEX 68,929.72 ▲ 1.87% MERVAL 2,848,945 — — COLCAP 2,518.36 ▼ 1.87% BVL PERÚ 59,664.64 ▼ 0.09% 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

Court Seeks Answers on Rio Governor Runoff

By · October 19, 2026 · 5 min read
Headquarters of Brazil's Superior Electoral Court (TSE) in Brasília at dusk
The headquarters of Brazil’s electoral court (TSE) in Brasília. File photo. (Photo: Roque de Sá/Agência Senado, CC BY 2.0, via Wikimedia Commons)

BRAZIL · ELECTIONS

Published Monday, 19 October, 3:20 p.m. ET · Source: Brazil’s Supreme Federal Court order, as reported by Gazeta do Povo and Brasil 247

Key Facts

  • The country Brazil, Latin America’s largest country, votes for president in a runoff on Sunday 25 October, but Rio de Janeiro state has no governor runoff after a court ruling.
  • What happened On Monday 19 October, Supreme Court Justice Cristiano Zanin gave the electoral court (TSE) five days to explain its decision that let Douglas Ruas win Rio’s governorship in the first round.
  • The numbers Ruas rose from 49.27% to 50.88% of valid votes after the TSE annulled 274,411 votes (3.17%) for Anthony Garotinho on 8 October, by a 5 to 2 vote.
  • Who asked The PSD, the party of former Rio mayor Eduardo Paes, filed the challenge and wants the TSE ruling suspended so a runoff can be held.
  • 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’s Rio governor second-round margin-of-victory market (US$44,198 traded across all brackets) prices a Paes win at about 3.9% on very thin volume (19 October, 2:52 p.m. ET).
  • Still open Zanin has not ruled on the request to suspend the TSE decision, and the TSE’s reply is due within five days.

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

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, 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.

Justice Cristiano Zanin of Brazil’s Supreme Federal Court gave the electoral court (TSE) five days on Monday 19 October to respond to a request for a Rio de Janeiro governor runoff. The request comes from the PSD, party of former Rio mayor Eduardo Paes, and challenges the court ruling behind Douglas Ruas’s first-round win, Gazeta do Povo reported.

The case sits beside the Brazil election 2026 presidential runoff on 25 October, which it does not change. It matters to investors because Rio de Janeiro is home to the headquarters of oil giant Petrobras.

What the Supreme Court Ordered

Zanin is the rapporteur, the judge who steers the case, of a PSD petition known as an ADPF, a challenge claiming a violation of a basic constitutional principle. He told the TSE to reply in five days, and the Attorney General’s Office (AGU) and the Prosecutor General’s Office (PGR) are then to give their views, Tempo Real reported.

Zanin has not yet decided whether to grant the PSD’s request for an emergency order, according to Tempo Real. The case was assigned to him by lot on Friday 16 October, Acessa reported.

How Rio Ended Up Without a Runoff

In the first round on 4 October, Ruas of the conservative Liberal Party (PL) had 49.27% of valid votes, just short of the 50% needed to win outright, Diário do Grande ABC reported. Paes had 42.76% and Garotinho, of the Republicanos party, had 3.17%.

On 8 October the TSE voted 5 to 2 to reject Garotinho’s candidacy and annul his 274,411 votes, which pushed Ruas to 50.88% of valid votes, Correio da Manhã and Brasil 247 reported. Zanin earlier turned down a separate request from the Paes campaign to suspend that ruling, Acessa reported.

What the PSD Argues

The PSD wants the effects of the TSE decision suspended until the full case is judged, so that a runoff can be held, Gazeta do Povo reported. It argues that removing votes after the count harms legal certainty and public confidence in the process.

The party says a runoff should depend on what voters chose and not on later court events, Acessa reported. Garotinho’s votes had been counted in the first-round tally before the TSE annulled them.

What It Means for US Readers

If you follow Brazilian assets, this is a state-level legal fight, not a threat to the national vote on 25 October. Rio is the state that houses Petrobras, so its politics are worth following.

For readers tracking how courts shape Brazilian elections, the case shows the Supreme Court reviewing electoral court rulings after the vote. The TSE has five days to explain its reasoning, so the next step is public soon.

What Prediction Markets Say

Polymarket, an online prediction market, lists a Rio de Janeiro governor second-round margin-of-victory market with US$44,198 traded across all brackets. It prices a Paes win at about 3.9% as of 2:52 p.m. ET on 19 October, on only a few hundred dollars of volume in that line, and its prices are bets, not polls or court findings.

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 Zanin will decide on the request to suspend the TSE ruling, or what the TSE will say in its reply. We could not find the case number of the petition in the reports.

It is also not known whether the PSD’s request will lead to a runoff at all. Only the courts can decide that.

Frequently Asked Questions

What did Justice Zanin order on 19 October?

He gave Brazil’s electoral court (TSE) five days to provide information on the case. The case is a challenge by the PSD party, which wants a governor runoff in Rio de Janeiro.

Why was there no runoff for Rio governor?

On 8 October the TSE voted 5 to 2 to annul 274,411 votes for Anthony Garotinho. That lifted Douglas Ruas from 49.27% to 50.88% of valid votes, above the 50% needed to win in the first round.

Does this affect the 25 October presidential runoff?

No. The case concerns the Rio de Janeiro governorship only, and the presidential runoff between Lula and Flávio Bolsonaro is a separate contest.

What happens next in the case?

After the TSE responds, the Attorney General’s Office (AGU) and the Prosecutor General’s Office (PGR) are to give their views. Zanin has not yet ruled on the request to suspend the TSE decision.

Sources: Gazeta do Povo, 19 October 2026; Brasil 247, 19 October 2026; Tempo Real RJ, 19 October 2026; Acessa, October 2026; Diário do Grande ABC, 8 October 2026; Correio da Manhã, October 2026; Polymarket, 19 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

Living in or visiting Rio de Janeiro? See this month's events and our Rio de Janeiro city guide with rents, safety and upcoming concerts.

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