Warren Buffett offers $1bn prize for basketball competition

Emma Woollacott
Berkshire Hathaway Buffett
Berkshire Hathaway Buffett

Billionaire investor Warren Buffett is offering $1 billion in prize money to anyone that can correctly predict the winner of every game in this year's US men's college basketball championship tournament.

To claim the prize, the winner will have to correctly predict the results of 67 games, in what's known as a bracket.