Lula bucks prediction markets with Brazilian presidential win

Brazilian President Luiz Inácio Lula da Silva bucked prediction market odds with his unlikely win in the Brazilian presidential runoff election this weekend. On Sunday, Lula was rated an underdog in the election, as his odds were at 20.2 percent on Kalshi and 20.5 percent on Polymarket at noon EDT.  His opponent, Flávio Bolsonaro, the…