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Kalshi Offers $1 Billion for Perfect NCAA March Madness Bracket

According to Kalshi’s official announcement, the free March Madness contest offers $1 billion for a perfect bracket, with $1 million for the best entry and another $1 million to charity if no bracket is flawless.

Fact Check
The claim is confirmed by multiple independent news reports (USA Today, NY Post, Legal Sports Report) detailing Kalshi's official announcement for the 2026 March Madness tournament. The specific prize amounts ($1B for perfect, $1M for best, $1M for charity) match the reported details exactly.
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Summary

Kalshi officially announced on March 17 a free Perfect Bracket Challenge for the NCAA March Madness tournament. According to the company’s official statement, participants can submit one bracket for a chance to win a $1 billion grand prize by correctly predicting every game. If no entry is perfect, Kalshi said it will instead award $1 million to the best-performing bracket and donate another $1 million to charity. The contest was announced ahead of the NCAA tournament.

Terms & Concepts
  • Bracket: A tournament prediction sheet where participants forecast the winners of each matchup through all rounds of a knockout competition.