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Drake Just Lost $500,000 in Bitcoin Betting on the NBA Finals

From decrypt.co

Prominent rapper Drake frequently shows off his lavish lifestyle on Instagram, and that includes his massive Bitcoin bets on sporting events via Stake, his partnered betting platform. But his wager on the outcome of the NBA Finals just went sour—and he could stand to lose just as much on Tuesday, too. As shared in a screenshot on Instagram on June 6, Drake put $500,000 worth of Bitcoin on the Dallas Mavericks, a wager that would have paid out $1.375 million if the Texas team had won out. “Dallas cause I’m a Texan,” Drake wrote alongside the image. Instead, the Boston Celtics just clinched the title with a decisive ... (full story)

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