Svmuu News: Kalshi announced on X that, emulating Warren Buffett's prediction reward for NCAA "March Madness," it will offer a $1 billion prize to users who perfectly predict the outcome of all tournament matchups. Given that no one has ever achieved this feat (the probability is 1 in 120 billion), Kalshi will award $1 million to the user with the highest prediction score, with an additional $1 million allocated to support charities.

Note: NCAA "March Madness" officially kicks off tomorrow. Since 2014, Warren Buffett has offered a $1 billion reward, payable over 40 years by his company Berkshire Hathaway, to any employee who could correctly predict the results of all games. However, due to the extreme difficulty, no one has ever won. In 2018, Buffett lowered the prediction difficulty, offering a $1 million annual prize to anyone who accurately predicted the outcomes of the Sweet Sixteen games.