Rapper Drake Places Over $1.5 Million In Super Bowl Bets Using Bitcoin

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The presence of celebrities in bitcoin is now not a novel or shocking idea. Over the previous yr, quite a few celebrities have come out to precise their assist for bitcoin and the crypto market at giant, with NFTs offering them among the best avenues to exert full possession over the artwork they create. Others have merely taken to receiving paychecks within the cryptocurrencies they assist.

Canadian rapper Drake has taken one other route, nonetheless. As an alternative of simply exhibiting assist for the crypto area, he has put his crypto to work for him. With the Tremendous Bowl quick approaching, bets are being positioned in all places. Rapper Drake has additionally taken to inserting bets, however with bitcoin, and he’s set to obtain any potential winnings within the digital asset as properly.

Drake Bets With Bitcoin

4-time Grammy award winner Drake took to his Instagram to indicate assist for the Los Angeles Rams, exhibiting off the huge bets he had made in favor of the Rams. Drake had wager greater than 1.5 million Canadian {dollars} forward of the Tremendous Bowl all for the Rams. The group which is among the most dominant within the NFL boasts some outstanding figures amongst its fanbase, together with rapper Drake.

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Whereas Drake’s bets in itself had been vital, the medium by means of which the rapper had paid for the bets stood out to followers. Proper subsequent to his bets was the bitcoin brand, signifying that Drake had positioned his $1.5 million bets within the digital asset. Moreover, the rapper’s potential winnings additionally confirmed that he could be receiving his winnings in bitcoin if the Rams find yourself successful the sport.

Rapper Drake wager $600,000 on LA Rams to win Tremendous Bowl | Supply: Instagram

Drake had positioned a 600,000 Canadian {dollars} wager on the Rams successful the sport, which carried a 1.51 odds. In the event that they do win, the rapper could be taking a look at $906,000 in estimated winnings. His different bets included bets on the Los Angeles Rams star Odell Beckham Jr. for over 62.5 receiving yards and scoring a landing at any level within the recreation.

In whole, Drake is taking a look at an estimated payout of two,886,000 Canadian {dollars} if his predictions become true. All of which can be paid out in bitcoin.

Crypto Bets Are On The Rise

Crypto sports activities betting is on the rise. Gamers are starting to make use of bitcoin and different cryptocurrencies to position bets on their favourite groups to win and it’s quick changing into the fee technique of alternative amongst customers.

A number of the causes behind this recognition are the convenience of use and privateness that comes with utilizing cryptocurrencies to position bets. Gamers wouldn’t have to undergo the effort of linking a financial institution card, risking their card being declined, and having a paper path of their playing. As an alternative, with cryptocurrencies like bitcoin, the funds are fast and gamers can relaxation straightforward understanding their bets are nameless.

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Colorado made the headlines in 2019 when authorized sports activities betting was accepted by voters within the state. Wyoming is another state that has approved the use of blockchain technology for sports betting transactions. It’s anticipated that the trade will run in extra of $20 billion if all 50 states had been to move laws to permit sports activities betting actions.

Bitcoin price chart from TradingView.com

BTC buying and selling north of $47K | Supply: BTCUSD on TradingView.com
Featured picture from Elle, chart from TradingView.com



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