Kalshi Offers $1 Billion for a Perfect March Madness Bracket—Just as Warren Buffett Did 12 Years Ago |
Kalshi Offers $1 Billion for a Perfect March Madness Bracket—Just as Warren Buffett Did 12 Years Ago
No one won back in 2014—and the odds are still just as slim today.
BY ANNABEL BURBA, EDITORIAL ASSISTANT @ANNIEBURBA
Illustration: Inc; Photo: Getty Images
Kalshi is taking cues from the Oracle of Omaha this March Madness season. Yesterday, the prediction market platform announced that it’s recreating a contest Warren Buffett famously backed in 2014 by offering to give $1 billion to anyone who creates a perfect bracket for the 2026 NCAA men’s basketball tournament.
The odds of someone actually achieving this feat are extremely slim. It’s about a 1 in 9.2 quintillion chance—a fact Buffett and Kalshi are both well........