TOTAL VOLUME:
$154.2b
24H VOL:
$203,036,808
24H TRANSACTIONS:
2,984,028,936
OPEN INTEREST:
$1,857,846,526
408,774
Markets across
40,345
events
MATCHED EVENTS:
4,373
PLATFORM COVERAGE:
5
Polymarket:
37%
VS.
Kalshi:
63%
Closed: Oct 5, 11:06 AM EST
Kalshi
This market tracks which political party will win the most seats in the 2026 Brazilian Senate election, an election that will determine control of two-thirds of the 81 Senate seats. Currently, the consensus probability favors the Liberal Party winning, at 95.0%. This forecast aggregates data from Polymarket and Kalshi, and will resolve according to official results from the Brazilian Superior Electoral Court (TSE) (www.tse.jus.br/eleicoes/resultados-eleicoes). The Social Democratic Party currently holds a 2.7% probability. Keep an eye on the election results as they are reported on October 26, 2026, to see which party secures the majority.
The next federal Senate election is scheduled to take place in Brazil on October 4, 2026, in which two-thirds of the Senate’s 81 seats will be contested. This market will resolve according to the political party that wins the greatest number of seats in the next Brazilian Senate election. Only seats contested in the next Brazilian Senate election will be considered. In the event of a tie between multiple parties for the most seats won, this market will resolve in favor of the party whose listed abbreviation appears first in alphabetical order. This market's resolution will be based solely on the number of seats won by the named party in the Brazilian Senate, not by any federation or coalition it may be a part of. If the result of this election isn't known definitively by June 30, 2027, 11:59 PM ET, the market will resolve to "Other". This market will resolve based on the result of the election, as indicated by a consensus of credible reporting. If there is ambiguity, this market will resolve based solely on the official results as reported by the Brazilian government, specifically the Superior Electoral Court (Tribunal Superior Eleitoral, TSE) (e.g., www.tse.jus.br/eleicoes/resultados-eleicoes).
The winner is the party or formal pre-election coalition that wins the most seats in the Senate election, even if they do not form the government. Only seats actually contested in the specified election count. If there is a tie for the most seats, the winner is the party that enters government; if that doesn't resolve the tie, the winner is the party with the higher share of the vote. If a formal pre-election coalition wins the most seats, the contract for that coalition resolves to Yes, while contracts for its individual member parties resolve to No. Resolution is based on official certification by the relevant electoral authority. If results are contested, the final certified outcome by the appropriate electoral authority or highest court with jurisdiction prevails. If an election is postponed, the contract remains open until the new date, for a maximum of two years.
Several signals and events could significantly impact this market. Major political endorsements, shifts in public opinion revealed by new polling data, and significant economic developments in Brazil could all influence trader sentiment. Unexpected scandals involving candidates or parties, changes in campaign finance regulations, or even unforeseen geopolitical events could also move the market. Any news that alters the perceived likelihood of a particular party winning seats in the Brazil Senate election has the potential to shift the odds on Polymarket and Kalshi.