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The column layout you are using is 50/50, thus it works as expected.
Your equation is simply overflowing on the second column.

---
title: "Net Benefit"
format: revealjs
---

## Net Benefit

:::: {.columns}

::: {.column style="font-size: 50%;"}
$$
\begin{aligned}
\text{Net Benefit} = \frac{\text{TP}}{\text{N}} - \frac{\text{FP}}{\text{N}} * {\frac{{p_{t}}}{{1 - p_{t}}}}
\end{aligned}
$$
:::

::: {.column }
I love NB
:::

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@uriahf
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