Kalshi emulates Buffett by launching a $1 billion NCAA "March Madness" prediction contest

CoinNetwork · 2026-03-17T01:01:35+00:00

Kalshi announces it will imitate Buffett by offering a $1 billion prize to users who perfectly predict all NCAA "March Madness" games, but due to extremely low probability, will establish a $1 million prize for the highest scorer and donate an equal amount to charity.

CoinNetwork

2026-03-17 01:01:35

Abstract generation in progress

Crypto界消息，Kalshi announced that they will emulate Warren Buffett’s prediction reward for NCAA “March Madness” by offering a $1 billion prize to users who perfectly predict all match outcomes. Considering that no one has ever been able to achieve this prediction (probability is 1 in 1.2 billion), Kalshi will award $1 million to the user with the highest prediction score and allocate another $1 million to support charitable organizations. Odaily note: NCAA “March Madness” officially begins tomorrow. Since 2014, Buffett has offered a $1 billion bounty for employees of Berkshire Hathaway who correctly guess all game results, paid out over 40 years, but no one has won due to the difficulty. In 2018, Buffett lowered the difficulty; anyone who accurately predicts the results of the Sweet 16 matches will receive a $1 million bonus annually.

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