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🏛️ Florida's cultivated-meat ban spreads to other ranching states before federal preemption undoes it

Friedberg's regulatory-capture call the week Florida's legislature passed a bill (86-27 House, 28-20 Senate) making the manufacture, sale or possession of cultivated meat a second-degree misdemeanour: a billion-dollar state ranching lobby bought an incumbency ban, Texas and other big ranching states copy it, and only federal preemption legislation over the next couple of years reopens the market. The precedent generalizes - local incumbents get a template to block any disruptive technology that threatens them - so the alternative-protein category carries a state-regulatory overhang on top of its cost problem, and the conventional-protein incumbents get protected. Chamath dissents that the law is 'meaningless and unimpactful' because the product is nowhere near competitive anyway.

0 CONVICTION
peaked 47.6 WATCH
DORMANT
band · contested
▼ SHORT BYND
expression · bearish politics-market
RIGHT
result · return +91.1% · vs SPY +58.4%
2026-03-15
born 2024-03-15 (E170) → window closed

⚖ Why this result

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

  1. Window: 2024-03-15 → 2026-03-15 — first mention + 24-month horizon, then the window locks.
  2. The call: ▼ SHORT BYND (primary play). BYND fell 91.1% over the window → return (sign flipped for a SHORT) = +91.1% (the call made money).
  3. Benchmark: holding SPY over the same window returned +32.7% → vs SPY = +91.1 − (+32.7) = +58.4% — what this call made or lost against just owning the index. This is the number the result uses.
    Direction-only read: +123.8% — did BYND 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 91.1, vs SPY 58.4)
    · 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: Friedberg, Sacks | opposed: Chamath | proxy-sensitive: TSN (long)→PARTIAL (+14.9%)

Conviction timeline

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

Plays vs SPY · % since first mention (2024-03-15)

Plays

expressionsymbolkindrelevancerationale
▼ SHORT BYNDstock PRIMARY the only liquid listed proxy for alternative-protein sentiment; carries the category's regulatory headline risk
▲ LONG TSNstock adjacent conventional-protein incumbent on the protected side of the ranching lobby's ban

Mention log newest first

Chamath
Chamath politics-market 51% · n=95 · E228 (2025-05-17) · sentiment · strength 2 ▶ 1:21:35 OPPOSE
“If this product was exceptionally delicious, it would be widely consumed all over America, and this would never come to pass”
Friedberg
Friedberg politics-market 42% · n=74 · E228 (2025-05-17) · explicit_prediction · strength 3 ▶ 1:19:49 SUPPORT
“And now, by the way, there's a house bill being proposed to do the same thing throughout the United States. Meanwhile, China and Europe are building cellular meat systems that are rocketing ahead.”
Friedberg
Friedberg politics-market 42% · n=74 · E186 (2024-07-04) · explicit_prediction · strength 2 ▶ 42:40 SUPPORT
“It's also with the lab-grown meat or cultivated meat laws that they've passed. And other states are passing similar laws, which is limiting innovation in the state and limiting freedom to operate in the state in order to protect interests of individuals and corporations that already exist within that state.”
Sacks
Sacks politics-market 48% · n=87 · E170 (2024-03-15) · sentiment · strength 2 ▶ 1:28:35 SUPPORT
“I think it's really terrible when a bunch of incumbents in an industry get together and try to shut out the innovative solution by inventing some unproven threat that they turn into some sort of bogeyman.”
Friedberg
Friedberg politics-market 42% · n=74 · E170 (2024-03-15) · explicit_prediction · strength 3 ▶ 1:27:04 SUPPORT · horizon 24mo
“it's very likely that we'll end up seeing some legislation here over the next couple of years if this technology is ultimately beneficial. The problem is now that Florida has done this, I guarantee you're going to see Texas, which is a huge ranching state, and many other states step up to do it.”
Chamath
Chamath politics-market 51% · n=95 · E170 (2024-03-15) · sentiment · strength 1 ▶ 1:26:41 OPPOSE
“This is a dumb thing to legislate, and it is meaningless and unimpactful, and people should just decide based on what tastes better.”

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

Friedberg
Friedberg 42%
3 scoring events · 64% of moves
+66.2 → net +66.2
Chamath
Chamath 51%
2 scoring events · 21% of moves
+0.0 / -21.6 → net -21.6
Sacks
Sacks 48%
1 scoring event · 15% of moves
+15.2 → net +15.2

⏳ decay drained -48.9 over the idea's life — that's time passing, attributed to no one

Score events

episodekindΔafternote
E170 2024-03-15 init +42.0 42.0 E170 born by Friedberg (explicit_prediction x3)
E170 2024-03-15 oppose -9.6 32.4 E170 Chamath opposes x1
E170 2024-03-15 reinforce +15.2 47.6 E170 Sacks support x2 (new voice)
E171 2024-03-22 decay -1.0 46.7 E171 silent
E172 2024-03-29 decay -0.9 45.7 E172 silent
E173 2024-04-05 decay -0.9 44.8 E173 silent
E174 2024-04-12 decay -0.9 43.9 E174 silent
E175 2024-04-19 decay -0.9 43.0 E175 silent
E176 2024-04-26 decay -0.9 42.2 E176 silent
E177 2024-05-03 decay -0.8 41.3 E177 silent
E178 2024-05-10 decay -0.8 40.5 E178 silent
E179 2024-05-17 decay -0.8 39.7 E179 silent
E180 2024-05-24 decay -0.8 38.9 E180 silent
E181 2024-05-31 decay -0.8 38.1 E181 silent
E182 2024-06-07 decay -0.8 37.4 E182 silent
E183 2024-06-14 decay -0.7 36.6 E183 silent
E184 2024-06-20 decay -0.7 35.9 E184 silent
E185 2024-06-29 decay -0.7 35.2 E185 silent
E186 2024-07-04 reinforce +9.7 44.9 E186 Friedberg support x2
E187 2024-07-12 decay -0.9 44.0 E187 silent
E188 2024-07-19 decay -0.9 43.1 E188 silent
E189 2024-07-26 decay -0.9 42.2 E189 silent
E190 2024-08-02 decay -0.8 41.4 E190 silent
E191 2024-08-09 decay -0.8 40.6 E191 silent
E192 2024-08-16 decay -0.8 39.8 E192 silent
E193 2024-08-23 decay -0.8 39.0 E193 silent
E194 2024-08-30 decay -0.8 38.2 E194 silent
E195 2024-09-06 decay -0.8 37.4 E195 silent
E196 2024-09-20 decay -0.7 36.7 E196 silent
E197 2024-09-27 decay -0.7 35.9 E197 silent
E198 2024-10-03 decay -0.7 35.2 E198 silent
E199 2024-10-11 decay -0.7 34.5 E199 silent
E200 2024-10-18 decay -0.7 33.8 E200 silent
E201 2024-10-25 decay -0.7 33.2 E201 silent
E202 2024-11-01 decay -0.7 32.5 E202 silent
E203 2024-11-08 decay -0.6 31.8 E203 silent
E204 2024-11-16 decay -0.6 31.2 E204 silent
E205 2024-11-23 decay -0.6 30.6 E205 silent
E206 2024-12-07 decay -0.6 30.0 E206 silent
E207 2024-12-13 decay -0.6 29.4 E207 silent
E208 2024-12-20 decay -0.6 28.8 E208 silent
E209 2025-01-04 decay -0.6 28.2 E209 silent
E210 2025-01-11 decay -0.6 27.6 E210 silent
E211 2025-01-18 decay -0.6 27.1 E211 silent
E212 2025-01-25 decay -0.5 26.5 E212 silent
E213 2025-01-31 decay -0.5 26.0 E213 silent
E214 2025-02-07 decay -0.5 25.5 E214 silent
E215 2025-02-15 decay -0.5 25.0 E215 silent
E216 2025-02-21 decay -0.5 24.5 E216 silent
E217 2025-03-01 decay -0.5 24.0 E217 silent
E218 2025-03-08 decay -0.5 23.5 E218 silent
E219 2025-03-15 decay -0.5 23.0 E219 silent
E220 2025-03-22 decay -0.5 22.6 E220 silent
E221 2025-03-29 decay -0.5 22.1 E221 silent
E222 2025-04-05 decay -0.4 21.7 E222 silent
E223 2025-04-11 decay -0.4 21.3 E223 silent
E224 2025-04-19 decay -0.4 20.8 E224 silent
E225 2025-04-26 decay -0.4 20.4 E225 silent
E226 2025-05-02 decay -0.4 20.0 E226 silent
E227 2025-05-09 decay -0.4 19.6 E227 silent
E228 2025-05-17 reinforce +14.5 34.1 E228 Friedberg support x3
E228 2025-05-17 oppose -12.0 22.1 E228 Chamath opposes x2
E229 2025-05-24 decay -0.4 21.6 E229 silent
E231 2025-06-13 decay -0.4 21.2 E231 silent
E232 2025-06-21 decay -0.4 20.8 E232 silent
E233 2025-06-28 decay -0.4 20.4 E233 silent
E234 2025-07-04 decay -0.4 20.0 E234 silent
E235 2025-07-11 decay -0.4 19.6 E235 silent
E236 2025-07-19 decay -0.4 19.2 E236 silent
E237 2025-08-01 decay -0.4 18.8 E237 silent
E238 2025-08-09 decay -0.4 18.4 E238 silent
E239 2025-08-15 decay -0.4 18.0 E239 silent
E240 2025-08-22 decay -0.4 17.7 E240 silent
E241 2025-08-29 decay -0.4 17.3 E241 silent
E242 2025-09-07 decay -0.3 17.0 E242 silent
E243 2025-09-19 decay -0.3 16.6 E243 silent
E244 2025-09-27 decay -0.3 16.3 E244 silent
E245 2025-10-03 decay -0.3 16.0 E245 silent
E246 2025-10-10 decay -0.3 15.7 E246 silent
E247 2025-10-17 decay -0.3 15.3 E247 silent
E248 2025-10-24 decay -0.3 15.0 E248 silent
E249 2025-10-31 decay -0.3 14.7 E249 silent
E250 2025-11-07 decay -0.3 14.4 E250 silent
E251 2025-11-14 decay -0.3 14.2 E251 silent
E252 2025-11-22 decay -0.3 13.9 E252 silent
E253 2025-12-06 decay -0.3 13.6 E253 silent
E254 2025-12-13 decay -0.3 13.3 E254 silent
E255 2025-12-19 decay -0.3 13.1 E255 silent
E256 2025-12-31 decay -0.3 12.8 E256 silent
E257 2026-01-10 decay -0.3 12.5 E257 silent
E258 2026-01-17 decay -0.3 12.3 E258 silent
E259 2026-01-30 decay -0.2 12.0 E259 silent
E260 2026-02-07 decay -0.2 11.8 E260 silent
E261 2026-02-13 decay -0.2 11.6 E261 silent
E262 2026-02-28 decay -0.2 11.3 E262 silent
E263 2026-03-06 decay -0.2 11.1 E263 silent
E264 2026-03-13 decay -0.2 10.9 E264 silent