Prediction Markets Fail as Lula Wins Historic Brazil Runoff

Luiz Inácio Lula da Silva has won Brazil’s runoff election, securing a fourth term as Brazil’s president. Lula defied prediction markets that gave Senator Flavio Bolsonaro over 80% odds of winning after taking the lead in the first round and receiving the support of other candidates. Lula Defies Prediction Markets to Retain Brazil’s Presidency Luiz […]