ABSTRACT In conspiracy theory philosophy the primary debate has been epistemic, but the concern is now also shifting to the ethical and political implications of taking conspiracy theories seriously. This shift is epitomized in the work of Quassim Cassam, whose focus has moved away from the epistemic faults of the theories and theorists to the political function of conspiracy theories. This function, he argues, is to ‘express and promote an ideology’, specifically, racist, antisemitic, and extremist ideology. In this essay, I will challenge two of Cassam’s assumptions. First, I will disagree with his claim that racist conspiracy theories ought to be treated dismissively as a class. This is due in part to the difficulties in defining racist conspiracy theories and due in part to what I call the Conspiracy Theory Location Problem, which is the challenge of identifying what constitutes ‘the theory’. In response, I suggest we need to be even more particularistic about ‘instances’ of a theory. Second, I disagree that the only function of conspiracy theories is to promote racist ideology. Instead, I argue that there exists a class of antiracist conspiracy theories that resist white supremacy by uncovering racist conspiracies and challenging racist institutions, systems, and ideologies.