Drake lays down $1.3 million Super Bowl bet in bitcoin

Drake wagered $1.3 million in bets on the Tremendous Bowl utilizing Bitcoin.

Drake goes all in on the Los Angeles Rams — and he’s inserting his Tremendous Bowl guess in bitcoin.

The Canadian rapper put down a sequence of wagers totaling $1.3 million value of the digital coin on Thursday.

He’ll money out if the Rams defeat the Cincinnati Bengals in Los Angeles on Sunday. The Rams are favored to win by 3.5 factors.

The “Hotline Bling” hip-hop icon wagered $393,000 on Rams huge obtain Odell Beckham Jr. scoring a landing. He additionally guess the identical quantity that Beckham would have greater than 62.5 receiving yards throughout the recreation.

If Drake wins every of his bets, he stands to receives a commission $2.29 million based mostly on the worth of bitcoin on the time the wagers have been positioned, in response to the net betting app Stake.

The Toronto native posted a screenshot of his bets on his Instagram account.

“All bets are in on the household,” Drake wrote, prompting Beckham to answer: “It’s time.”

The Canadian rapper posted a screenshot on his Instagram exhibiting the wager that he made utilizing the betting app Stake.

Instagram/@champagnepapi

Beckham, the previous Cleveland Browns and New York Giants star, signed with the Rams throughout the center of this present season.

On the time he joined the Rams, he agreed to take his total NFL wage in bitcoin, which was value an all-time file of $64,000 for every coin.

Since then, nonetheless, the cryptocurrency nosedived, shedding 50% of its worth, although it has recovered considerably in latest weeks.

Drake might win as a lot as $2.29 million if the Rams win by greater than 4 factors and if their huge receiver, Odell Beckham Jr., catches a landing and amasses greater than 62.5 yards.

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As of Friday, bitcoin was buying and selling at $42,354.70 — down greater than 2.6% from the beginning of the day.

Cryptocurrency is predicted to take middle stage throughout the Tremendous Bowl. Loads of corporations have reserved advert time on NBC to run crypto-themed commercials, prompting Madison Avenue observers to name it “the Crypto Bowl.”

EToro, Crypto.com, and FTX will run commercials throughout the recreation whereas BitBuy, a Canadian crypto change, might be featured in an advert for the Tremendous Bowl’s viewing viewers north of the border.

Individuals will guess a file $7.61 billion on this yr’s contest, in response to estimates. That may mark a rise of greater than $3.3 billion, or a whopping 78%, in comparison with the earlier yr.