Right-wing populist Keiko Fujimori is dominating prediction markets after crushing the first round of Peru’s presidential election.
Polymarket now gives her a strong 64 percent chance of winning the presidency outright, with over 30 million dollars traded on the outcome and a sharp 39 percent jump in her odds following the April 12 vote.
Fujimori, daughter of former president Alberto Fujimori and leader of the Popular Force party, topped the fragmented field of 35 candidates with roughly 17 percent of the vote as counting continues. No one hit the 50 percent threshold, so a June 7 runoff is almost certain. Early tallies show other right-leaning candidates also performing well, signaling a clear shift away from the left.
This marks Fujimori’s fourth bid for the top job after narrow runoff losses before. Peruvians appear ready for a tougher stance on crime, economic stability, and socialist policies that have fueled instability for years.
Bettors and voters alike are betting big on a conservative comeback in Lima. If the momentum holds, Fujimori could finally deliver the change many have waited for.
Sources:
- Polymarket
- Official Peruvian election results (ONPE)
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