Add as a preferred source on GoogleLula Wins Brazil Election to Begin a First-Ever Fourth Term
With 99.99% counted, Lula led 51.78% to 48.22%; a Hyperliquid contract tied to Brazil’s EWZ ETF fell more than 22% after the result.
President Luiz Inácio Lula da Silva won Brazil’s election, securing a fourth term as the first Brazilian president to do so and putting policy direction in focus for Latin America’s largest economy.
With 99.99% of ballots counted, Lula received 51.78%, or 64,248,884 votes. Sen. Flavio Bolsonaro received 48.22%, or 59,822,138 votes. In the first round, Bolsonaro had led with 47.03%, against 45.16% for Lula, before the final vote reversed the order.
Before voting, a prediction market put Bolsonaro’s chance of winning at 80%. As results began to come in, market probabilities shifted toward Lula, who went on to secure the win in the second round.
After Lula’s victory was announced, a Hyperliquid perpetual contract linked to iShares MSCI Brazil ETF (EWZ) fell more than 22%. The ETF tracks large- and mid-cap Brazilian companies.
The vote puts Brazil’s crypto-policy outlook in focus for markets. Brazil is Latin America’s largest economy.
Riza Dagoc
Riza Dagoc reports on regulation, investing and the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.