Both campaigns have signaled openness to televised debates in the October 25 runoff after largely avoiding joint events before the first round, with Band and Record scheduling a pair for October 11 and TV Globo planning one for October 23. Lula trails narrowly and allies are pressing attendance to reach undecided voters, while Flávio’s team weighs selective participation to limit risks. These calendar commitments and post-first-round statements create the modest trader consensus favoring at least one head-to-head before voting, though historical caution and internal debate strategy discussions introduce uncertainty over final turnout.