Whale bets $328K on Lula to win 2026 Brazilian election

A whale investor has bet approximately $328,000 on the prediction market Polymarket that Luiz Inácio Lula da Silva will win the 2026 Brazilian presidential election, according to PolyBeats. The whale entered the position when the odds of a Lula victory were around 49.2%; the probability has since fallen to 40.5%. The address is one of the most active in Brazil-related prediction markets, with a cumulative net profit of about $22,200.