# Seems Like a Bad Idea Page: https://stenobird.com/podcast/cheap-talk-6049769/seems-like-a-bad-idea Text version: https://stenobird.com/podcast/cheap-talk-6049769/seems-like-a-bad-idea.md Podcast: [Cheap Talk](https://stenobird.com/podcast/cheap-talk-6049769) Published: 2026-04-02T22:01:51+00:00 Episode link: https://www.jkaplow.net/cheaptalk/2026/4/2/seems-like-a-bad-idea Audio file: https://static1.squarespace.com/static/51c381dde4b0c32cc8284816/t/69cee699d660e114a86331a9/1775167159191/CheapTalkS6E22+-+Prediction+Markets.mp3 Processing state: not_requested JSON: https://stenobird.com/v1/public/podcasts/cheap-talk-6049769/episodes/seems-like-a-bad-idea Duration seconds: 3355 ## Resource How Russia benefits from the Iran war; President Trump’s recent statements about how the war is going; China is both helped by and hurt by the Iran war; prediction markets as an aggregation mechanism for the wisdom of crowds; insider trading and insider influence; the characteristics of wise crowds; and Marcus will never make that mistake again The opinions expressed on this podcast are solely our own and do not reflect the policies or positions of William & Mary. Please subscribe to Cheap Talk on Apple Podcasts , Spotify , or your podcast player of choice to be notified when new episodes are posted. Check out our online store at https://cheaptalk.shop . Further Reading: Will Oremus and Jeremy B. Merrill. 2026. “A journalist reported a missile strike. Then came the death threats.” Washington Post. See all Cheap Talk episodes ## Actions - request_transcript: `POST https://stenobird.com/v1/public/podcasts/cheap-talk-6049769/episodes/seems-like-a-bad-idea/transcription-requests` — Idempotently request low-priority transcript generation for this episode. - read_markdown: `GET https://stenobird.com/podcast/cheap-talk-6049769/seems-like-a-bad-idea.md` — Read the agent-friendly Markdown representation of this episode resource. A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed. ## Transcript Full transcripts are not published on public pages unless there is a clear rights basis.