Overview
- Entrants must create and verify a Kalshi account, submit one bracket before tournament play begins on March 19, and pay no entry fee.
- A perfect 63-game bracket wins $1 billion, while the top non-perfect bracket earns $1 million if no one goes 63-for-63.
- Kalshi will donate $500,000 each to iMentor and Devin Booker’s Starting Five charity as part of the promotion.
- Kalshi characterizes the giveaway as a lesson in extreme odds, with estimates ranging from 1 in 120 billion for informed picks to 1 in 9.2 quintillion at random.
- The promotion is financially backed by SIG Parametrics, and some outlets report the prize would be paid upfront, a detail not broadly corroborated.