IBOV 174,959.47 ▼ 14.69% IPSA 10,575.59 ▼ 1.59% IPC MEX 69,879.62 ▼ 0.01% MERVAL 3,017,221 — — COLCAP 2,487.00 ▼ 2.09% BVL PERÚ 57,093.72 ▼ 0.06% USD/BRL5.39▲ 8.30% USD/MXN18.55▼ 0.63% USD/CLP988.95▼ 0.65% USD/COP3,128▼ 0.10% USD/PEN3.44▼ 0.19% USD/ARS1,541▲ 0.74% USD/UYU40.08▼ 0.01% USD/PYG5,735▼ 0.44% USD/BOB11.82▲ 0.34% USD/DOP60.10▼ 1.67% USD/CRC450.04▼ 0.53% USD/GTQ7.64▼ 0.07% USD/HNL26.87▲ 0.02% USD/NIO36.62— 0.00% USD/VES885.08▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.73▲ 0.20% EUR/BRL6.04▲ 7.54% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 174,959.47 ▼ 14.69% IPSA 10,575.59 ▼ 1.59% IPC MEX 69,879.62 ▼ 0.01% MERVAL 3,017,221 — — COLCAP 2,487.00 ▼ 2.09% BVL PERÚ 57,093.72 ▼ 0.06% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
since 2009
Monday, October 26, 2026

Brazil Brazil Elections 2026

Lula Vows to Regulate Social Media Giants

By · October 26, 2026 · 4 min read
Brazilian President Lula smiling in a white straw hat and light blue shirt
President Lula smiles and touches the brim of his hat. File photo.
RT
Ask Rio Times
This story and the bigger picture.
Open the full Ask Rio Times →

BRAZIL · ELECTIONS

Published Monday, 26 October, 12:16 a.m. ET · Source: Brazil’s electoral court (TSE) count; Lula’s victory speech

Lula won the night, and in his victory speech he named his next fight: the tech giants behind the world’s social networks. In his first speech after the Brazil election 2026 runoff, he said social media would have to be regulated.

The 80-year-old president spoke on Sunday night, 25 October, after the count showed him ahead of Flávio Bolsonaro, the conservative senator from Rio de Janeiro and son of former president Jair Bolsonaro. For readers in the United States, the promise matters because US firms such as Meta, Google and X run big businesses in Latin America’s largest country.

Brazil Election Data Room
Runoff poll average: Flávio Bolsonaro 51.0%, Lula 49.0%
45 national polls from 21 pollsters since 4 October, updated hourly. Every poll, free to download.
Open the Data Room · Download the CSV · Embed the chart

Key Facts

  • The promise Lula, Brazil’s 80-year-old president, said in his victory speech that social media platforms must be regulated.
  • The count Lula won the runoff with 51.79% of valid votes to Flávio Bolsonaro’s 48.21%, says Brazil’s electoral court (TSE).
  • The target He criticised giant tech companies that, he said, earn billions, pay no tax and tried to sway the vote.
  • Power Index Brazil ranks 1st of 14 in The Rio Times Latin America Power Index, with 75.0 points (October 2026 edition).

Live tonight

Brazil’s runoff, live

The official TSE count for Flávio Bolsonaro and Lula, updated every minute (voting closed at 7 p.m. Brasília, 6 p.m. ET).

Open the live results →

Brazil election 2026 · Brazil election polls · Who will win: Brazil election odds · Brazil runoff date and results start · Brazil election results · Brazil election poll data (CSV) · All election stories

Prediction markets · who wins the runoff

Implied chance of winning Brazil’s presidency on 25 October, from traders’ prices.

Polymarket

Flávio Bolsonaro – · Lula – (US$249 million traded)

Kalshi (regulated in the US by the CFTC)

Flávio Bolsonaro 0.4% · Lula 99.6%

As of 25 October, 11:40 pm ET (03:40 Lisbon), updated every 20 minutes. Prices are bets, not polls, and can move fast.

Why we show this: prediction markets turn real-money bets into a live probability that moves within minutes of the news, which is why investors, campaigns and newsrooms in the United States now follow them closely. We show them next to polls and official results, never instead of them.

What Lula Actually Said

Lula said platforms must be regulated and that crime in the digital world has to be treated like crime in real life. He called the contest a defeat for denialism, meaning the rejection of facts, and for lies.

He also went after the companies themselves, describing giants that make billions while paying no tax in Brazil and try to manipulate elections. He added that digital communication will take up a very large place in his next government.

How Close Was the Vote?

The Superior Electoral Court (TSE), which runs Brazilian elections, finished counting late on Sunday night. Lula took 51.79% of valid votes (blank and spoiled ballots excluded), or 64,256,232 ballots, against 48.21% for Flávio Bolsonaro.

The court’s formal certification of the result comes later. Our report on the runoff loser’s refusal to concede has the latest on the opposition’s stance.

Why Is Regulation So Divisive in Brazil?

Supporters of rules want clear limits on online fraud and disinformation. Critics fear that rules could turn into censorship of political speech.

Brazil’s courts have already acted. In June 2025 the Supreme Federal Court (STF), Brazil’s top court, ruled that a key article of the Marco Civil, the 2014 internet rights law, was partly unconstitutional. Platforms are now liable in more cases.

What It Means for US Readers

American platforms and their investors face a re-elected president who says digital platforms will be regulated. Any new rule on content or tax would hit their Brazilian operations first.

For now it is a promise, not a bill. Markets and companies will watch whether Lula sends Congress a proposal and how fast.

In plain English, “regulation” could mean rules on illegal content, platform liability or taxation. Lula named crime and tax, but did not say which tools he prefers.

What Is Not Known

Reports of the speech cite no draft law, no tax figure and no timetable. We also do not yet know how Congress would react.

We have not found a detailed answer from Flávio Bolsonaro’s camp. We will update this story when it responds.

Frequently Asked Questions

What did Lula promise on social media?

He said digital platforms will have to be regulated and that online crime must be treated like offline crime. He gave no bill or date.

Who won Brazil’s runoff?

Lula took 51.79% of valid votes to Flávio Bolsonaro’s 48.21% in the TSE count. Formal certification by the court comes later.

Sources: Superior Electoral Court (TSE) live count, 25 October 2026; Lula’s victory speech, 25 October 2026; Supreme Federal Court ruling on the Marco Civil, June 2025.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief

Free · Any country in the world · Prediction markets
Want prediction market reports on your country?
Pick any country in the world. Your report arrives the moment you confirm, then every Sunday: what the markets say about elections, currencies and policy there, with volumes and plain-English explanations.
Free. We first send you an email to confirm your address, and nothing else arrives until you click its link. You then get your country report right after you confirm, then every Sunday and our free daily briefing for your region. Unsubscribe with one click at any time; see our privacy policy.

Read More from The Rio Times

The LatAm Brief

One email, every weekday morning. What moved in Latin American markets, politics and expat life.

Yesterday’s subject line: “Lula re-elected in Brazil with 51.8% of valid votes”

Free. We send a confirmation link first — nothing arrives until you click it. Unsubscribe with one click in any edition. If you stop opening us for 30 days we stop sending by ourselves, as we assume the interest is no longer there. See our privacy policy. We never share your email.

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map →

Brazil runoff date: Sunday, October 25, poll closing times and when results start · Brazil runoff polls: Flávio 51%, Lula 49% · Kalshi and Polymarket odds

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.