← pool · child of Everything becomes a market — prediction-market financialization

📈 Legacy sportsbooks are toast

Prediction markets (Polymarket at a rumored $12-15B, Kalshi et al) offer real two-sided markets with better prices, simpler UX, and cash-out-anytime — legacy odds-setting sportsbooks like DraftKings and FanDuel get disintermediated.

0 CONVICTION
peaked 42.0 EMBER
DORMANT
band
▼ SHORT DKNG
expression · bearish equities
RIGHT
result · return +36.6% · vs SPY +23.2%
2026-10-24
born 2025-10-24 (E248) → window closed
⚠ CONFLICTING IDEA ON THE SAME TICKER — the board is arguing with itself; net it out (ticker view →)
DKNG · Retail speculation complex (Robinhood/prediction markets/gambling) wins 2026 LONG DORMANT 9.4 ← stronger than this idea (6.4)

⚖ Why this result

fully deterministic — computed from daily closes on the scoring date; nothing below is editable or hand-set

  1. Window: 2025-10-24 → 2026-10-24 — first mention + 12-month horizon, then the window locks.
  2. The call: ▼ SHORT DKNG (primary play). DKNG fell 36.6% over the window → return (sign flipped for a SHORT) = +36.6% (the call made money).
  3. Benchmark: holding SPY over the same window returned +13.4% → vs SPY = +36.6 − (+13.4) = +23.2% — what this call made or lost against just owning the index. This is the number the result uses.
    Direction-only read: +50.1% — did DKNG move the predicted way relative to the market. The two only differ on a SHORT: this call was right about direction relative to the index but still cost money versus holding it.
  4. Rule fired:
    ▶ RIGHT — return ≥ +10% AND beat SPY by 5+ ✓ (return 36.6, vs SPY 23.2)
    · HALF — return ≥ +5% OR beat SPY at all
    · WRONG — everything else
  5. Credit: supporters of a RIGHT earn 1.0 each, opposers the opposite — this feeds the scoreboard. supported: Chamath

Conviction timeline

bands: green ≥ 65 · watch ≥ 45 · ember ≥ 15

Plays vs SPY · % since first mention (2025-10-24)

Plays

expressionsymbolkindrelevancerationale
▼ SHORT DKNGstock PRIMARY pure-play US sportsbook — named directly in the call
▼ SHORT FLUTstock adjacent FanDuel parent — the other name Chamath called toast

Mention log newest first

Chamath
Chamath equities 42% · n=163 · E248 (2025-10-24) · explicit_prediction · strength 3 ▶ 21:37 SUPPORT
“a billion or two billion at nine billion. Then the next weekend, they announced sports betting. And now they're raising money 30 days later, ... you can see by the way, the way that DraftKings and FanDuel stock have reacted to this. Those companies are toast. Toast.”

Who built this conviction

each voice's total push on the score, in conviction points across every mention — supports and opposes · share = % of all mention-driven movement

Chamath
Chamath 42%
1 scoring event · 100% of moves
+42.0 → net +42.0

⏳ decay drained -35.6 over the idea's life — that's time passing, attributed to no one

Score events

episodekindΔafternote
E248 2025-10-24 init +42.0 42.0 E248 born by Chamath (explicit_prediction x3)
E249 2025-10-31 decay -1.7 40.3 E249 silent
E250 2025-11-07 decay -1.6 38.7 E250 silent
E251 2025-11-14 decay -1.5 37.2 E251 silent
E252 2025-11-22 decay -1.5 35.7 E252 silent
E253 2025-12-06 decay -1.4 34.2 E253 silent
E254 2025-12-13 decay -1.4 32.9 E254 silent
E255 2025-12-19 decay -1.3 31.6 E255 silent
E256 2025-12-31 decay -1.3 30.3 E256 silent
E257 2026-01-10 decay -1.2 29.1 E257 silent
E258 2026-01-17 decay -1.2 27.9 E258 silent
E259 2026-01-30 decay -1.1 26.8 E259 silent
E260 2026-02-07 decay -1.1 25.7 E260 silent
E261 2026-02-13 decay -1.0 24.7 E261 silent
E262 2026-02-28 decay -1.0 23.7 E262 silent
E263 2026-03-06 decay -0.9 22.8 E263 silent
E264 2026-03-13 decay -0.9 21.9 E264 silent
E265 2026-03-19 decay -0.9 21.0 E265 silent
E266 2026-03-27 decay -0.8 20.1 E266 silent
E267 2026-04-03 decay -0.8 19.3 E267 silent
E268 2026-04-10 decay -0.8 18.6 E268 silent
E269 2026-04-17 decay -0.7 17.8 E269 silent
E270 2026-04-24 decay -0.7 17.1 E270 silent
E271 2026-05-01 decay -0.7 16.4 E271 silent
E272 2026-05-08 decay -0.7 15.8 E272 silent
E273 2026-05-15 decay -0.6 15.1 E273 silent
E274 2026-05-22 decay -0.6 14.5 E274 silent
E275 2026-05-29 decay -0.6 13.9 E275 silent
E276 2026-06-13 decay -0.6 13.4 E276 silent
E277 2026-06-19 decay -0.5 12.9 E277 silent
E278 2026-06-26 decay -0.5 12.3 E278 silent
E279 2026-07-03 decay -0.5 11.8 E279 silent
E280 2026-07-11 decay -0.5 11.4 E280 silent
E281 2026-07-18 decay -0.5 10.9 E281 silent
E282 2026-07-24 decay -0.4 10.5 E282 silent
E283 2026-07-31 decay -0.4 10.1 E283 silent
E284 2026-08-08 decay -0.4 9.7 E284 silent
E285 2026-08-14 decay -0.4 9.3 E285 silent
E286 2026-08-21 decay -0.4 8.9 E286 silent
E287 2026-08-29 decay -0.4 8.5 E287 silent
E288 2026-09-04 decay -0.3 8.2 E288 silent
E289 2026-09-11 decay -0.3 7.9 E289 silent
E290 2026-09-26 decay -0.3 7.6 E290 silent
E291 2026-10-02 decay -0.3 7.3 E291 silent
E292 2026-10-10 decay -0.3 7.0 E292 silent
E293 2026-10-17 decay -0.3 6.7 E293 silent
E294 2026-10-23 decay -0.3 6.4 E294 silent