SmartStake / Weekly column
The Closing Line
A weekly column on prediction markets, sharp books, and how prices move, from a working market trader.
Alex Bow/ EditorSubscribe / Weekly
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September 2026
- 004Sep 23, 2026 / 8 minFinding Fair Value on Prediction MarketsA contributor on finding fair value on exchanges and prediction markets: why a straight devig misleads when liquidity is lopsided, spreads are wide, or taker fees are baked in, and how the EV, arb, and Smart Money tools each read the same market differently.
- 003Sep 15, 2026 / 7 minHow Prediction Markets Changed the Way I Bet FuturesA contributor on why prediction markets fixed what long made futures a trap: hold hidden behind one-way boards, punishing cashout terms, and capital locked up for months with no fair exit.
About Alex Bow
Alex Bow trades tennis and baseball markets on Kalshi and Polymarket and writes about prediction market structure for SmartStake.



