Flávio Bolsonaro’s Liberal Party presidential nomination in late July has intensified focus on selecting a vice-presidential running mate ahead of the October 2026 election and the August 15 registration deadline. Limited alliances with centrist parties have narrowed options to internal or allied figures, with party preferences leaning toward economist Daniella Marques while names such as Renata Abreu, Damares Alves, and Tereza Cristina remain under discussion. Recent neutrality announcements by groups like Republicanos and Podemos have further constrained coalition-building, leaving multiple contenders closely matched in trader assessments. Any announcement or shift in party positioning could quickly alter implied probabilities before the filing cutoff.