Canadian musician Drake is facing a potential loss of $1 million in cryptocurrency after placing bets on the Edmonton Oilers and Dallas Mavericks to win their respective NHL and NBA finals. Unfortunately, both teams are currently down 3-0 after recent losses, putting Drake’s bets in jeopardy.
Drake made these bets using bitcoin on the crypto casino Stake, posting about it on Instagram and expressing his support for the teams. However, history is not on his side, as no NBA team has ever come back from a 3-0 deficit in the playoffs or finals.
Despite the potential loss, Drake has had a partnership with Stake in the past, which may have influenced his decision to place such high-stakes bets. The platform has been quite successful, generating billions in revenue in recent years.
This is not the first time Drake has lost money betting on sports with bitcoin. Earlier this year, he wagered $615,000 on Francis Ngannou to defeat Anthony Joshua in a boxing match, only to see Joshua emerge victorious with a knockout in the second round.
With game 4 of the NBA finals and the next Oilers game coming up soon, Drake will soon find out the fate of his bets. Both teams will need to turn things around quickly to have a chance at winning their respective series.
It’s a risky gamble, but for Drake, known for his extravagant lifestyle and love of sports, it’s all part of the game. Whether he wins or loses, one thing is certain – he’s not afraid to take chances, even if it means risking a substantial amount of cryptocurrency in the process.