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

SmartContractAuditor · 2026-03-17T00:56:22+00:00

Kalshi announced it will offer a 1 billion dollar reward to users who predict the outcomes of all NCAA "March Madness" games. Given the extremely low probability of this prediction, it will award 1 million dollars to the user with the highest prediction score and donate 1 million dollars to a charity. This campaign was inspired by Buffett.

SmartContractAuditor

2026-03-17 00:56:22

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Odaily Planet Daily reports that Kalshi announced on X that it 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 complete 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, Warren Buffett has offered a $1 billion reward. Employees of his company Berkshire Hathaway, if they guess all match results correctly, can win this huge prize, which is paid out over 40 years. However, due to the difficulty, no one has won it so far. In 2018, Buffett lowered the difficulty; if someone accurately predicts the results of the 16-team bracket, they will receive a $1 million bonus annually.

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