Both candidates advanced to Brazil’s October 25 presidential runoff after skipping all first-round debates. In the second round, however, multiple televised encounters have been scheduled and publicly accepted: a multi-outlet consortium debate on October 15, a Band debate on October 18, and a Globo debate on October 23. President Lula da Silva confirmed attendance at the Band event, prompting Senator Flávio Bolsonaro to reverse an earlier statement and affirm his own participation, framing the events as opportunities to contrast government records and platforms. These confirmations, combined with the candidates’ explicit second-round commitments and the short timeline remaining before the runoff, underpin trader consensus that at least one direct debate will occur.