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Bertoletti won in a tight, 10-minute race, the first since 2015 that wasn't won by famed hot dog consumer Joey Chestnut.
Some small business owners said they plan to close during the two-day event, but others are excited about the race and the boost in pedestrian traffic that could bring more sales.
The incident occurred during the Critical Mass group bike ride, a monthly event where cyclists meet at Daley Plaza on the last Friday of every month and ride throughout the city.
Jeremy Howard, 20, was ordered detained Wednesday after a Cook County judge said she agreed with prosecutors that he posed a danger to the community if released for his alleged role in the shoot-out.