Lula's campaign has maintained a cautious approach to televised debates ahead of Brazil's October 4 first-round presidential vote, with the president absent from the August 23 Band event alongside frontrunner Flávio Bolsonaro. A major September 14 debate organized by the Momento da Decisão consortium was canceled after neither candidate confirmed participation by the September 7 deadline, following Lula's earlier comments questioning the value of early-round exchanges. Internal PT discussions have reopened the possibility of appearances on the remaining Record and Globo dates amid tightening polls, yet no confirmations have emerged and the prevailing strategy favors limiting exposure to lower-polling opponents in the first round. Traders price the "No" outcome at 64.5% based on this pattern of non-attendance and unresolved scheduling.