According to BlockBeats, Canadian rapper Drake recently lost over $1 million in Bitcoin betting on the NBA Finals and the Stanley Cup Finals. Drake initially placed a bet on the Dallas Mavericks to win the NBA Finals, resulting in a loss of $500,000 in Bitcoin. Subsequently, he bet on the Edmonton Oilers in the NHL Stanley Cup Finals, leading to another loss of $500,000 in Bitcoin.
Drake shared his betting slips on Instagram, stating that his choice of the Dallas Mavericks was due to his connections in Texas, while his selection of the Oilers was obvious. In recent years, the popularity of cryptocurrency betting has surged, with many Bitcoin casinos and betting websites vying to attract users. Furthermore, political betting markets like Polymarket have drawn attention due to high-risk events such as the 2024 US Presidential Election, with trading volumes reaching millions of dollars.