Business & Economy · 31 views
Live updates from the NYC bar that promised to cover everyone’s tabs if the Knicks won, and used Kalshi to hedge their bets
Fortune is on scene at The Jeffrey, a small New York City bar that offered to cover everyone's tabs up to $100 if the Knicks win—and hedged the bet on Kalshi.
Business & Economy 
Story intelligence
Coverage Single outlet Single-outlet story
Views 31 Community interest
Brief read Under 1 min brief 41 words
AI Summary
A New York City bar, The Jeffrey, has taken an unusual approach to managing risk by offering to cover patrons' tabs up to $100 if the Knicks win. The bar has hedged its bet on a prediction market platform called Kalshi.
AI summaries can be wrong sometimes—always verify important details using the source article.
How AI & Automation are usedMore from Business & Economy
Continue reading recent Business & Economy coverage
- I replaced our smart TV with an old VHS player. My kids watch less TV, fight less, and don't throw tantrums.Continue reading
- Elon Musk and Elizabeth Holmes share a 'superpower,' says documentary director Alex GibneyContinue reading
- Berkshire Hathaway stock is a haven again as investors flee AI bloodbath while its own portfolio takes a hit amid reshufflingContinue reading
- The wealthiest 10% of Americans are pulling ahead of everyone else. This is what’s making them richer.Continue reading
Support HappeningNow
Independent AI-powered news analysis is reader-supported. Your contribution helps cover infrastructure, summaries, and continued platform development.
Support HappeningNow