Get all your news in one place.
100's of premium titles.
One app.
Start reading
Fortune
Fortune
Business
Jacqueline Munis

Kalshi takes a page from Warren Buffett’s March Madness playbook by offering $1 billion for a perfect bracket

Warren Buffett with Creighton basketball temporary tattoos on his face

Prediction market Kalshi loves a publicity stunt. In February, the company handed out free groceries to hundreds of New Yorkers. Now, it’s taking a page from Warren Buffett’s playbook and offering a $1 billion prize to any user who has the perfect March Madness bracket. 

In 2014, he offered $1 billion to any Berkshire Hathaway (or subsidiary) employee who picked the winner of all 63 games correctly. Nobody won, and the company has since modified its payouts multiple times because a perfect bracket is harder than you might think. 

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.