Peru presidential first round: margin of victory
Short Answer
1. Executive Verdict
- Ipsos Perú and Datum Internacional polls reliably predict election outcomes.
- Specific voter intention trends among key demographics remain undetermined.
- Keiko Fujimori's 'Cocktails Case' investigation was archived January 2026.
- The market price experienced significant volatility in mid-April 2026.
- Formal presidential endorsements for candidates like Fujimori are not detailed.
Who Wins and Why
| Outcome | Market | Model | Why |
|---|---|---|---|
| Carlos Álvarez, ≥5% | 1.0% | 1.2% | Carlos Álvarez consistently shows low support, making a significant margin unlikely. |
| Keiko Fujimori, 0-5% | 9.0% | 9.9% | Keiko Fujimori's established base makes a very narrow victory margin less probable. |
| Keiko Fujimori, 10-15% | 1.0% | 1.2% | A victory margin of this size for Fujimori is unlikely given the competitive field. |
| Ricardo Belmont, ≥15% | 1.0% | 1.2% | Ricardo Belmont's current support levels do not project such a large victory. |
| Ricardo Belmont, 10-15% | 1.0% | 1.2% | Ricardo Belmont's polling data does not indicate a strong enough position for this margin. |
2. Market Behavior & Price Dynamics
Historical Price (Probability)
3. Significant Price Movements
Notable price changes detected in the chart, along with research into what caused each movement.
📈 April 22, 2026: 11.0pp spike
Price increased from 74.0% to 85.0%
Outcome: Keiko Fujimori, 5-10%
📉 April 21, 2026: 15.0pp drop
Price decreased from 89.0% to 74.0%
Outcome: Keiko Fujimori, 5-10%
📈 April 16, 2026: 44.0pp spike
Price increased from 35.0% to 79.0%
Outcome: Keiko Fujimori, 5-10%
4. Market Data
Contract Snapshot
A "Yes" resolution occurs if Keiko Fujimori's margin of victory in the first round of the Peru presidential election is between 5% and 10% (inclusive of 5%, exclusive of 10%), as verified by the Jurado Nacional de Elecciones (JNE). Otherwise, the market resolves to "No." The market opened on April 11, 2026, and will close upon official certification of election results or by April 12, 2027, with settlement occurring only after certification and no rounding applied to the calculated margin.
Available Contracts
Market options and current pricing
| Outcome bucket | Yes (price) | No (price) | Last trade probability |
|---|---|---|---|
| Keiko Fujimori, 5-10% | $0.97 | $0.11 | 85% |
| Keiko Fujimori, 0-5% | $0.11 | $0.92 | 9% |
| Carlos Álvarez, ≥5% | $0.01 | $1.00 | 1% |
| Carlos Álvarez, 0-5% | $0.01 | $1.00 | 1% |
| Keiko Fujimori, ≥15% | $0.01 | $1.00 | 1% |
| Keiko Fujimori, 10-15% | $0.01 | $1.00 | 1% |
| Rafael López Aliaga, ≥5% | $0.01 | $1.00 | 1% |
| Rafael López Aliaga, 0-5% | $0.01 | $1.00 | 1% |
| Ricardo Belmont, ≥15% | $0.01 | $1.00 | 1% |
| Ricardo Belmont, 0-5% | $0.01 | $1.00 | 1% |
| Ricardo Belmont, 10-15% | $0.01 | $1.00 | 1% |
| Ricardo Belmont, 5-10% | $0.01 | $1.00 | 1% |
Market Discussion
Limited public discussion available for this market.
5. What Do Recent Polls Reveal About Peru's 2026 Election?
| Lima (Ipsos, March 2026) | Keiko Fujimori 16.5%, Rafael López Aliaga 13.5% [^] |
|---|---|
| Lima (Datum, March 2026) | Rafael López Aliaga 15.6%, Keiko Fujimori 13.2% [^] |
| Northern Coast (Ipsos, March 2026) | Keiko Fujimori 11.6%, Rafael López Aliaga 6.1% [^] |
6. What Are Peruvian C2, D Voter Intention Trends Since 2025?
| Ipsos Poll Date | January 2025 [^] |
|---|---|
| Sensor National Study Date | April 2026 [^] |
| Peru's Informality Rate | Highest in Latin America (February 2025) [^] |
7. Who Leads in Formal Endorsements: Fujimori or López Aliaga?
| López Aliaga Regional Support | Majority only in Lima, no southern regions (2026 elections) [^] |
|---|---|
| Fujimori Party Senate Seats | 22 seats, projected to lead (Fuerza Popular) [^] |
| Fujimori's Collaboration Offer | Extended offer to López Aliaga [^] |
8. What Joint Political Move Did Belmont and Álvarez Make Post-Election?
| Belmont's Digital Strategy | Engaged with youth on TikTok [^] |
|---|---|
| Joint Political Action | Renounced politics following the election (La República) [^] |
| Shared Post-Electoral Stance | Indicated a shared post-electoral stance (La República) [^] |
9. What is the latest legal status of Keiko Fujimori's 'Cocktails Case'?
| Case Archiving Date | January 14, 2026 [^] |
|---|---|
| Ruling Authority | Constitutional Tribunal (TC) [^] |
| Prosecution Appeal Rights | Right to appeal archiving decision retained [^] |
10. What Could Change the Odds
Key Catalysts
Key Dates & Catalysts
- Expiration: April 12, 2027
- Closes: April 12, 2027
11. Decision-Flipping Events
- Trigger: Catalyst analysis unavailable.
13. Historical Resolutions
No historical resolution data available for this series.
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