Brazil's Lula da Silva secures fourth term with 50.5% vote share, defying odds and challenging U.S. influence in South America. GOP redistricting efforts may fail to secure key districts despite massive spending.
Lula, a 74-year-old former president, won 50.5% of the vote in Brazil's runoff, outpacing opponent Bolsonaro by 1.2 million votes. Prediction markets initially favored Bolsonaro at 20.2% odds on Kalshi.
Lula's victory signals a shift in Brazilian politics, with analysts noting his campaign's focus on economic reform and anti-corruption. The result could impact regional alliances and U.S.-Brazil relations.
Lula's win contrasts with GOP redistricting efforts, where Republicans spent $200 million on midterms but face challenges in securing districts drawn to favor them.