The Kalshi Billion Dollar Bracket contest offers one of the most ambitious promotions in sports betting history as March Madness begins Tuesday, March 17. With the First Four games tipping off today featuring UMBC vs Howard and Texas vs NC State, bettors can enter Kalshi's $1 billion contest using promo code COVERS. This Kalshi Billion Dollar Bracket promotion guarantees $1 million to the best bracket even if no one achieves perfection.
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Kalshi Billion Dollar Bracket Details for March Madness
The Kalshi Billion Dollar Bracket contest centers around the 2026 NCAA Men's Basketball Tournament, where participants submit their complete bracket predictions directly on Kalshi's platform. Users must create an account, complete identity verification, and enter promo code COVERS to participate in this historic promotion. The contest allows only one bracket entry per person and requires participants to be at least 18 years old.
The headline prize of $1 billion for a perfect bracket represents one of the largest promotions ever tied to college basketball. Even with the astronomical odds against achieving perfection, Kalshi guarantees $1 million to the participant with the best overall bracket performance. SIG Parametrics ensures the grand prize, ensuring the billion-dollar payout would be covered if someone beats the nearly impossible odds.
Key terms include submitting brackets before tournament play begins on March 19, completing full identity verification, and maintaining only one entry per participant. The promotion requires no deposit or trading activity beyond bracket submission.
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Is Kalshi legal & where can I use the Kalshi promo code?
Yes. Kalshi operates as a federally regulated exchange under the Commodity Futures Trading Commission (CFTC). Unlike sportsbooks, Kalshi allows traders to engage in event-based contracts rather than traditional gambling markets.
How to Claim Your Billion Dollar Bracket Entry
Claiming your entry in Kalshi's Billion Dollar Bracket contest requires no deposit or real-money transactions. Follow these steps to participate in this historic promotion:
- Visit Kalshi and create a new account with your personal information
- Complete the required identity verification process
- Navigate to the Billion Dollar Bracket contest page
- Enter promo code COVERS when prompted
- Fill out your complete NCAA Tournament bracket with all game predictions
- Submit your picks before the first tournament games begin on March 19
The verification process ensures regulatory compliance, while the code COVERS activates your contest entry. With today's First Four games between UMBC vs Howard and Texas vs NC State setting the stage, participants have limited time to submit their brackets before the main tournament begins Thursday. Read our comprehensive Kalshi Sports Review for additional platform details and features.
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