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Brazil Presidential Election First Round: 3rd Place

Live prices from Kalshi, ordered by what the market thinks. These are raw ask prices, what it actually costs to take the position, margin included.

OutcomeKalshi
Renan Santos 55¢
Augusto Cury 42¢
Ronaldo Caiado 15¢

Only outcomes with a live two-sided quote are shown. No Polymarket equivalent was matched with enough confidence to publish, so this page is Kalshi only. Prices as of Wed, 30 Sep 2026 21:26:27 UTC.

The overround on this market

Add up what it costs to back every outcome here and Kalshi's board comes to 141%. A fair book sums to 100. The excess is the house's cut, paid by whoever trades, and it is the reason the same opinion costs different amounts in different places. That number is what this site is named after.

Your call

The market says 55%. It got there by making everyone who disagreed put money behind it. You do not have to, so this is the cheap version of the same question, and the interesting number is how far the two drift apart.

55%

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The record

What this market has cost every day since 24 April 2026, taken from the exchange's own published history. The line is the mid price, halfway between what a buyer would pay and a seller would take.

0 25 50 75 100 AprMayJunJulAugSept Renan Santos 48.5 Augusto Cury 38 Ronaldo Caiado 14.5

Over this window Renan Santos went from 20 to 48.5, a move of 28.5 points toward happening.

The other 1 contract in this field is left off the chart rather than drawn in a colour nobody could tell apart; it is all in the table above. Kalshi removes a contract from its interface once it settles and Polymarket buries closed events, so this page is the copy that stays put. We also record our own snapshot once a day, independently, because a history published by the house is worth checking against one kept by somebody with no position in it.

See this on Kalshi

What settles this

Settlement source
Tribunal Superior Eleitoral (TSE)
Contract terms
Kalshi product certification (PDF)
Closes
Mon, 04 Oct 2027 14:00:00 UTC
Resolution, for the Renan Santos contract
If Renan Santos finishes in 3rd place in the first round of the 2026 Brazilian presidential election according to the certified results, then the market resolves to Yes.
Ticker
KXBRPRESIDENT3-BRPRES26-3

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