Money Stuff: The Podcast

Bat Tat: Labubu, OBDC, Frank

83 snips
Nov 21, 2025
Katie and Matt dive into the intriguing world of Batman tattoos and collectibles. They explore the complexities of binary options and prediction markets, discussing their potential to transform collectibles into bets. The hosts dissect the drama surrounding Blue Owl’s BDC merger and the implications for public versus private credit. Legal ramifications from Frank's sale to J.P. Morgan are unpacked, highlighting fraud allegations and soaring legal costs. Alongside humor, they scrutinize expense practices in the corporate world, raising questions about accountability.
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ANECDOTE

Neck Tattoo Tribute

  • Katie got a neck tattoo of the Bat signal to honor her late pony Batman who died in May.
  • She described it as painful, healing, and a surprising on-air reveal at Bloomberg.
INSIGHT

Turning Prices Into Yes‑No Bets

  • Calci turns continuous asset prices into binary event contracts to let people bet on anything.
  • That conversion is functional but awkward and changes how markets display intuitive price information.
INSIGHT

Why Binaries Reduce Exchange Risk

  • Binary event contracts simplify collateral because they cap payoffs at a fixed amount, reducing margin complexity.
  • That makes prediction-market style exchanges less risky than continuous-price derivative exchanges.
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