Tennis fans are questioning Tennis Australia’s decision to launch an AU$10m (US$6.7m) bracket challenge for the upcoming Australian Open. The Grand Slam begins on January 18 and Tuesday’s announcement explains that fans can win the “largest prize in world tennis” by predicting the winner of each match in either the men’s or women’s singles tournament.
correctly guessing the outcome of 127 matches
This means correctly guessing the outcome of 127 matches. Tennis Australia is running the competition in collaboration with digital assets platform Nexo:
The probability of winning is astronomical, so there’s a very slim chance anyone will take home the AU$10m top prize. An AU$10,000 (US$6,704) consolation prize is up for grabs for whichever person has the highest-scoring bracket in both men’s and women’s competitions.
While this year’s bracket is only open to Australian residents, the tennis organization said it could expand internationally in the future. Commenting on the contest, Tennis Australia Chief Commercial Officer Cedric Cornelis said it’s a “game of skill, not chance.” He believes it will reward tennis knowledge and boost fan engagement.
Nexo announced on December 17 that it had entered a multi-year partnership deal with Tennis Australia. It will be the Australian Open’s official crypto partner, marking the first time a digital asset firm has partnered with one of tennis’ four Grand Slam tournaments.
