Canadian rapper and singer Drake lost $400,000 in bitcoins betting YouTuber-turned-boxer Jake Paul would beat Tommy Fury in a knockout The two lost the bet. Drake could have gotten a $1.44 million bitcoin payout, but Fury won by split decision.
Drake loses a $400,000 bitcoin bet in the Jake Paul match.
On February 26, 2023, in Diriyah, Saudi Arabia, YouTuber-turned-boxer Jake Paul’s winning streak was stopped by Tommy Fury, the half-brother of Mike Tyson. The fight was close, with Paul knocking Fury down in the eighth round, but Fury won by split decision (74-75, 76-73, 76-73). Paul had won six straight fights before losing to Fury on Sunday. Before the match, rap star and actor Drake placed a $400,000 (about $17
million) bitcoin bet, betting BTCbecause he was betting that Paul would win by knockout (KO).
Drake took to Instagram to show off his bet, which was placed oncrypto betting platform Stake.” Knock-knock,” Drake said, accompanied by a door emoji. A screenshot released by Drake showed that if Paul had won the match, he could have cashed in $1.44 million in bitcoins. Drake is known for making various bitcoin bets. The 36-year-old rapper bet $472,000 in bitcoin that the LA Rams would beat the Bengals in the Super Bowl. The Rams won that game 23-20, and Drake won $240,000 on the bet.
Drakelost$275,000 inBTC. He lostBTCwhen he bet on mixed martial artist Jorge Masvidal’s fight, and he also lostHe also lost $234,000 in Bitcoin when Charles Leclerc did not win the Spanish Grand Prix. The rap star enjoys sports betting, a famous example being when Drake supported Conor McGregor at UFC 229, but McGregor lost to Khabib Nurmagomedov (37).
There is currently a joke circulating online called “Drake’s Curse”. Drake Curse}There is a joke that says that when a rapper cheers for someone, that person is more likely to lose. At a press conference after the game, Paul joked about Drake’s bet.
“F***! This is Drake’s fault!”Paul said.” Drake, bro, why did you do this? No, it’s my fault; $400,000 is nothing to him. He has had much bigger money. I’m sorry, Drake, but I’ll win the rematch,” the fighter added.
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