Flavio Bolsonaro’s July 2026 confirmation as the Liberal Party presidential nominee has left his vice-presidential selection unresolved, keeping implied probabilities tightly clustered among a broad field of PL federal deputies and former officials. Trader consensus reflects ongoing internal negotiations and repeated setbacks in recruiting higher-profile figures, including unsuccessful overtures to centrist allies such as Tereza Cristina. With the October general election approaching and no single name consolidating support, market prices for leading options like Rogério Marinho, Simone Marquetto, and Marcos Pontes remain in the mid-30s percent range, while numerous other names sit near 50 percent. Any formal announcement, party convention decision, or shift in coalition dynamics could rapidly separate the field before ballots are cast.