Warren Buffet drops $1B Bracket Challenge; Quicken Loans still has plans to offer new contest

If you ever had plans of winning Warren Buffet’s $1 billion March Madness bracket challenge this year, your odds of actually accomplishing just went down from highly improbable to, well, impossible.

It’s hard enough to win a challenge when you’re odds of doing so are already at 9,223,372,036,854,775,808/1 (that’s nine quintillion-to-one), but now that Buffet has cancelled the challenge altogether, the likelihood of you beating the odds has been slashed to zero.

According to CNN Money, the parties—Buffet’s Berkshire-Hathaway, Quicken Loans, and Yahoo!—involved in making the challenge last year are now embroiled in several legal disputes stemming from disagreements on who came up with the idea in the first place.

Apparently, all the trouble started when a small sweepstakes company called SCA Promotions took Yahoo to task, suing the Internet company for allegedly reneging on a deal to host a perfect bracket contest. Not one to be outdone, Yahoo filed a lawsuit of its own, alleging that SCA communicated to Berkshire about buying insurance to cover the $1 billion price in the unlikely event that somebody somehow defies the odds and wins the contest.