TBPN: Episode, Nov 6, 2025

TBPN Podcast, November 6, 2025: OpenAI's "Backstop," The Benefits of Bubbles, Elon's New Comp Package | Bret Taylor, Dave Baszucki, Vlad Tenev, Uri Marchand, Alex Israel, P
Thu, Nov 6EpisodePublisher transcriptTBPN

On the Nov 6, 2025 episode of TBPN, 5 of the 12 words Kalshi listed were said; Parrot’s count agreed with 11 of 12 settlements. Quotes below are at most 25 words each.

Updated

Markets

12 words · 5 settled yes · our count agreed on 11 of 12

backtest The probabilities on settled rows are a walk-forward backtest: the model as of before each event, computed after Parrot went live; they were not published at the time.

Listed words: result, our count under the market rule, the count over every speaker, whether they agree, and the probability (a walk-forward backtest on settled rows)
WordResultOur countAll speakersAgreesProbabilityMarket
Prediction Market Yes1016✓–n=1 too little history for a probability–
Election Yes66✓–new new word, no probability yet–
Sports Yes23✓–new new word, no probability yet–
Token / Tokenization Yes14✓–new new word, no probability yet–
Kalshi Yes00✗–new new word, no probability yet–
Bitcoin No01✓–new new word, no probability yet–
Blockchain No00✓–new new word, no probability yet–
Economy No026✓–new new word, no probability yet–
Football No01✓–new new word, no probability yet–
Retirement No00✓–new new word, no probability yet–
Stock Market No02✓–new new word, no probability yet–
Shutdown / Shut Down No00✓–n=1 too little history for a probability–

Market prices are mid quotes from Kalshi and Polymarket, shown for context, may be delayed by several minutes and are not a signal. Quotes as of Oct 20, 2026 23:45 UTC.

Transcript

quotes of at most 25 words

Publisher transcript · TBPN podcast transcript (publisher RSS) · Source · Used to count words; quotes of at most 25 words.

Where the listed words were said

Vlad Tenevguest“Prediction Market” · 1:59:42

…that we've had for a long time, equities, options, crypto, but then prediction markets have just been ripping. Okay. You know, we've we've been doubling…

Vlad Tenevguest“Election” · 2:04:57

…A lot a lot of of people used to play the presidential election Yeah. And have a thesis there that they would play by trading…

Vlad Tenevguest“Sports” · 2:17:03

…Super Bowl, which we had to pull back, but then we relaunched sports with March Madness, and it's just been on a tear ever since.…

Vlad Tenevguest“Token / Tokenization” · 2:06:24

…go up or down. And I think we're moving in that direction. Tokenization is is is solving a lot of the technical problems with that.…

Agents: this page as TSV at /api/v1/appearances/tbpn:2025-11-06:podcast_episode · words: /api/v1/brief?appearance=tbpn:2025-11-06:podcast_episode · columnar JSON in #parrot-data · llms.txt · MCP