Rapper Drake achieved notoriety on social media due to substantial losses in his sports betting, particularly boxing, using the cryptocurrency bitcoin. However, last week, the singer managed to reverse his unfavorable record by winning a prize of US$1.3 million in bitcoins through a bet.
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The bet made by Drake totaled US$850,000 in bitcoin and was related to the boxing fight between YouTuber and fighter Logan Paul and boxer Dillon Danis. The singer bet that Paul would be able to knock out Danis, an audacious prediction, given the fighter’s career.
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The fight, which took place on October 14, had a less predictable outcome: Danis was disqualified and Paul emerged victorious. At the time, there were misinterpretations suggesting that Drake had lost his $850,000 bet, even leading to a joke from Danis on Twitter. The boxer wrote: “I’m sorry you lost your $850,000, Drake.
Never bet against the guy.” However, the rules of Stake, the virtual casino where Drake placed his bet, determine that a win by disqualification is considered a technical knockout, which means that the singer actually emerged victorious in his bet. So far, Drake has not commented on the matter, but this victory and the amount received in bitcoins represent a significant turnaround in his sequence of losses accumulated in 2023.