Lula's probability on Kalshi's Brazil prediction market jumped from 20% to 70% in just over two hours on Sunday as vote counts came in. The rapid shift has sparked debate among traders over whether the initial 80/20 odds were mispriced or simply reflected a one-in-five outcome that materialized.
Kalshi Brazil Market: Lula Odds Surge from 20% to 70% as Votes Count In
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