Business & Economy
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 
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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.
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