Lula Wins Brazil Runoff, Defying Prediction Markets
📡 CNBC Top News · 1 min read ·
Part of composite article Lula Wins Fourth Term as Bolsonaro Refuses to Concede and Flees to U.S. View full article →
Luiz Inácio Lula da Silva won Brazil's presidential runoff election on Sunday, defeating incumbent Jair Bolsonaro in a tight race.
The result contradicted prediction markets, which had pointed to a clear Bolsonaro victory.