The Prediction Markets

Jair Bolsonaro pardoned by March 31, 2027?

Closes
Apr 1, 2027, in 5 months
Traded
$10K
Venues
Polymarket, Kalshi
Prices updated
4 h ago
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What the markets expect

Before Jan 10, 2027 11%

Next is Before Mar 1, 2027 at 9%. The venues list this event, but none of their outcomes are matched yet, so prices are shown separately.

Odds by venue

Consensus blends each venue’s last price, weighted by how much has traded there. Best Yes price is the cheapest ask across venues, and the payout is what a winning $100 stake returns before fees. Open a row for each venue’s contract name, bid and ask, and how closely their rules match.

Prices come from our regular polls of each venue, the oldest 4 h ago. Ages are as of when this page was built.

  • Polymarket
  • Kalshi
Before Jan 10, 2027
11%
Kalshi 11%polled, 4 h agoBest Yes 11¢ on Kalshi, $100 pays $909 (9.09x)
Kalshi
Contract
Before Jan 10, 2027
Last price
11%
As of
Polled 4 h ago
Buy Yes
11¢
Sell Yes
4¢
$100 on Yes pays
$909 (9.09x)
Volume
$405
Trade this on Kalshi
Before Mar 1, 2027
9%
Kalshi 9%polled, 4 h agoBest Yes 13¢ on Kalshi, $100 pays $769 (7.69x)
Kalshi
Contract
Before Mar 1, 2027
Last price
9%
As of
Polled 4 h ago
Buy Yes
13¢
Sell Yes
8¢
$100 on Yes pays
$769 (7.69x)
Volume
$7K
Trade this on Kalshi
Yes
8.5%
Polymarket 8.5%polled, 4 h agoBest Yes 11¢ on Polymarket, $100 pays $909 (9.09x)
Polymarket
Contract
Yes
Last price
8.5%
As of
Polled 4 h ago
Buy Yes
11¢
Sell Yes
6¢
$100 on Yes pays
$909 (9.09x)
Volume
$3K
Trade this on Polymarket

Who resolves this market

Polymarket
Polymarket resolves via:
UMA optimistic oracle, source: in.gov.br

How the odds have moved

The top 3 outcomes on both venues, with the consensus between them. Hover for exact values.

  • Before Jan 10, 2027
  • Before Mar 1, 2027
  • Yes

Order books

Each venue’s resting orders for the selected outcome’s Yes contract, side by side. Top of book streams live; depth refreshes every 15 seconds.

Polymarket

Polymarket doesn’t list Before Jan 10, 2027 for this event.

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What your stake buys

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Buys at the asks resting now (taker orders), cheapest after fees first, from order-book snapshots up to 15 seconds old. Fees: Kalshi 0.07 × price × (1 − price) per share, rounded up to the cent; Polymarket 0.04 × price × (1 − price) per share (politics rate). Fee calculator. Estimates only, not advice.

About this market

Live prediction market odds for "Jair Bolsonaro pardoned by March 31, 2027?". Before Jan 10, 2027 leads at 11%. Next is Before Mar 1, 2027 at 9%. $10K has traded across 3 outcomes on Kalshi and Polymarket. The market is expected to resolve by Apr 1, 2027.

This market will resolve to "Yes" if Jair Messias Bolsonaro receives a pardon (indulto or graça), commutation, or reprieve granted by the President of Brazil between market creation and March 31, 2027, 11:59 PM ET. Otherwise, this market will resolve to "No". A qualifying grant of clemency means an act signed by the President of Brazil, or by whoever is lawfully exercising the office, that pardons, commutes, reduces, or suspends the execution of a sentence that had already been imposed on Jair Bolsonaro in a Brazilian criminal proceeding at the time the act was signed, and that has been published in the Diário Oficial da União between market creation and the deadline. Both signature and publication must occur within this period. A reprieve means a temporary suspension of the execution of an imposed sentence through presidential clemency. Full or partial relief from a custodial sentence or criminal fine will qualify; actual release from custody is not required. An anticipatory act of clemency covering conduct for which no sentence has been imposed will not qualify. A clemency act that is suspended, annulled, or declared unconstitutional will still qualify, provided it otherwise satisfies these rules. Implementation, entry into effect, and continued legal validity are not required, including where the act is blocked before publication or implementation. An amnesty law passed by the National Congress will not qualify. Judicial decisions, including appeals, habeas corpus rulings, sentence reviews, changes to his prison regime, and changes to the conditions of his house arrest, will not independently qualify. However, a judicial decision may establish that a presidential collective clemency decree applies to him as provided below. A collective pardon (indulto coletivo) or collective commutation decree will qualify only if Jair Bolsonaro is named in the decree as a beneficiary of qualifying relief, or if the court competent to execute the relevant sentence, including the Supremo Tribunal Federal, issues an operative decision applying qualifying relief under that decree to him by the deadline. An operative order by an individual judge or justice will suffice; a full-court ruling is not required. The decree itself must also satisfy the signature and publication requirements above. Apparent eligibility under the decree's criteria, without such naming or decision, will not qualify. The primary resolution sources for this market will be the Diário Oficial da União (https://www.in.gov.br) and, where applicable, the official records of the court applying a collective decree; however, a consensus of credible reporting may also be used.

Questions

What does the consensus price mean?

It is the price of a Yes contract that pays $1 if the outcome happens. A 14¢ price means traders put the chance near 14%. Where two venues list the same outcome, we blend their last prices, weighting the venue with more trading volume more heavily (neither counts for less than a quarter). When only one outcome can win, each venue’s prices add up to a little over 100% (its margin); the fair chance removes that margin so the outcomes add up to exactly 100%.

How is the payout worked out?

A Yes contract pays $1 if it wins, so at the best ask a $100 stake buys 100 ÷ ask contracts. At 18¢ that is about 555 contracts, paying $556 (5.56x) if Yes happens. Venue fees and price slippage on larger orders are not included.

Why do the venues show different prices?

Each venue has its own traders, fees and order book. Contracts can also settle on slightly different terms, which is why each row lists how closely the rules match.

Is a price gap an arbitrage?

Only when you can buy Yes on one venue below what someone pays for Yes on the other, after fees, and both contracts settle the same way. We show the executable bid and ask so you can check.

How fresh are these prices?

Venue prices refresh every few minutes, and the order book and live quotes stream continuously. Each venue’s card shows when we last observed it.

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