SEP HIKE 57¢ ▲9NO CUT '26 79¢DEM HOUSE 65¢ ▼2JUL VOL <$30B THE BOOK 0–0NEXT ISSUE SUN 8AM UKDINNER 001 SYDNEY
Home / The Basement

There’s a room
under this.

The letter is the top of the funnel. Underneath it there’s a smaller, quieter thing: rooms full of people who take this stuff seriously. It starts in Sydney, with fifteen chairs and no lanyards.

33.8688° S · 151.2093° E · Sydney

The dinners

Invite-only, fifteen seats. Traders, platform people, market-makers, researchers, the odd civilian with a good record on the Floor. No panels, no content, nothing gets clipped for social.

Seats fill by record, not by title — though we’re not pretending the titles hurt.

15 seats Invite-only No lanyards Chatham House
DINNER 001
DATE TBA
The first table is being set

Last Trader Standing

The game

Survive the season

Once the book has history: seasonal survivor pools built on the weekly Floor votes. Answer every week, survive every week. One wrong call and you’re out — exactly as it should be.

WK 1
WK 4
WK 8
FINAL
The prize

A chair, not a coupon

The last one standing takes a seat at the next dinner — same table as the traders and platform people, earned with a public record rather than a job title.

Season 01 begins when the book has history. Every vote you cast in the Sunday letter between now and then is practice — and it’s already going on the Board.

Who gets in

01

People who make calls

And stand behind them. A good record on the Floor counts more than a good job title.

02

People who work the plumbing

Exchange people, market-makers, researchers, builders — the ones who know why the price is what it is.

03

People who can disagree well

The table runs on the same rule as the letter: argue the other side properly or don’t bother. Chatham House, always.

How to get invited

Subscribe, then reply to any issue with Sydney and a line about what you do. If you’re in APAC and touch prediction markets professionally, say so — the first table is being set now.

Dinner 001 · Sydney · date TBA
Start here