Drake bet $500,000 on each team to win the National Hockey League and National Basketball Association finals.Canadian singer Drake is on the cusp of losing $1 million worth of crypto after he placed two individual $500,000 bets on the Edmonton Oilers and the Dallas Mavericks to win their respective Stanley Cup and NBA finals.
The Oilers lost their third straight game against the Florida Panthers in the hockey championship on Thursday whilst the Mavericks are down 3-0 in the basketball tournament after losing in consecutive games against the Boston Celtics. Both contests are best-of-seven series.It's worth pointing out that Drake has had partnerships with Stake in the past, so he may have an incentive to post about his bets on the platform, even if they don't pay off. StakeDrake stood to win $1.
Drake won’t have to wait long to know the outcome of both bets; tipoff for game 4 of the NBA Finals is Friday whilst the Oilers play Saturday. Both teams need to avoid defeat to extend the series. The 37-year-old is no stranger to losing bitcoin by betting on sports. He also placed a $615,000 bet on Francis Ngannou to beat Anthony Joshua in a boxing bout in March; Joshua ended up winning by knockout in the second round.in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.
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