{"id":18113,"date":"2023-02-27T05:37:25","date_gmt":"2023-02-27T05:37:25","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/rap-star-drake-loses-400000-bitcoin-bet-on-jake-paul-in-split-decision-loss-to-tommy-fury-bitcoin-news\/"},"modified":"2023-02-27T05:37:25","modified_gmt":"2023-02-27T05:37:25","slug":"rap-star-drake-loses-400000-bitcoin-bet-on-jake-paul-in-split-decision-loss-to-tommy-fury-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/rap-star-drake-loses-400000-bitcoin-bet-on-jake-paul-in-split-decision-loss-to-tommy-fury-bitcoin-news\/","title":{"rendered":"Rap Star Drake Loses $400,000 Bitcoin Bet on Jake Paul in Split-Decision Loss to Tommy Fury \u2013 Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
\n<\/p>\n

\n
\n<\/header>\n
\n\n<\/div>\n

The Canadian rapper and singer Drake lost $400,000 in bitcoin after betting that the YouTuber-turned-boxer Jake Paul would beat Tommy Fury by knockout. Drake could have potentially raked in a $1.44 million bitcoin payout, but Fury won the fight in a split-decision victory.<\/strong><\/p>\n

Drake Loses $400K Bitcoin Bet on Jake Paul\u2019s Bout<\/h2>\n

On Feb. 26, 2023, in Diriyah, Saudi Arabia, YouTuber-turned-boxer Jake Paul\u2019s winning streak was stopped by Tommy Fury, the half-brother of Mike Tyson. The fight was a close bout, with Fury winning by split decision (74-75, 76-73, 76-73), despite Paul knocking Fury down in the eighth round. Paul had six straight wins under his belt before losing to Fury on Sunday. Before the fight, the rap star and actor Drake placed a $400,000 bitcoin wager, or roughly 17 BTC<\/a>, on Paul winning the fight by knockout (KO).<\/p>\n

\"Rap<\/p>\n

Drake took to Instagram and showed off<\/a> his bet, which was placed on the crypto betting platform Stake. \u201cKnock knock,\u201d Drake said, with a door emoji. The screenshot Drake shared showed that if Paul had won the fight, he could have cashed in $1.44 million in bitcoin. Drake is well-known for placing various bitcoin bets<\/a>, as the 36-year-old rapper bet $472,000 in bitcoin that the LA Rams would win against the Bengals in the Super Bowl. The Rams won 23-20 that game, and Drake won $240,000 from the wager.<\/p>\n

Drake lost<\/a> $275,000 in BTC<\/a> when he bet on the mixed martial artist Jorge Masvidal\u2019s fight, and he also lost<\/a> $234,000 in bitcoin when Charles Leclerc did not win Spain\u2019s Grand Prix. The rap star enjoys making sports bets, and one famous instance<\/a> was when Drake backed Conor McGregor in UFC 229, but McGregor lost the fight to Khabib Nurmagomedov.<\/p>\n

There\u2019s an ongoing online joke now called the \u2018Drake Curse<\/a>,\u2019 and according to the joke, if the rapper backs a person, they are likely to lose. Following the fight and speaking at a post-fight press conference, Paul joked about Drake\u2019s bet.<\/p>\n

\u201cF***! This is Drake\u2019s fault!\u201d Paul said<\/a>. \u201cDrake, bro, why did you do this to me? No, it\u2019s my fault. $400,000 is nothing to him \u2013 he has won a lot more money betting on me before. He\u2019s probably about even now. Sorry, Drake, I\u2019ll get that win in the rematch,\u201d the fighter added.<\/p>\n

\n
\nTags in this story
\n<\/h6>\n
actor<\/a>, bets<\/a>, Bitcoin<\/a>, Bitcoin Drake<\/a>, boxing<\/a>, BTC Drake<\/a>, Charles Leclerc<\/a>, Cincinnati Bengals<\/a>, Conor McGregor<\/a>, Cryptocurrency<\/a>, Diriyah<\/a>, Drake<\/a>, Drake bitcoin<\/a>, Drake BTC<\/a>, Entertainment<\/a>, Gambling<\/a>, Instagram<\/a>, Jake Paul<\/a>, Jorge Masvidal<\/a>, Khabib Nurmagomedov<\/a>, knockout<\/a>, LA Rams<\/a>, Mike Tyson<\/a>, Mixed Martial Arts<\/a>, post-fight press conference<\/a>, rapper<\/a>, rematch<\/a>, Saudi Arabia<\/a>, Social Media<\/a>, Spain’s Grand Prix<\/a>, split decision<\/a>, Sport Betting<\/a>, Sports Betting<\/a>, stake<\/a>, Super Bowl<\/a>, Tommy Fury<\/a>, wager<\/a>, Wagers<\/a><\/div>\n<\/div>\n

What do you think about Drake losing $400,000 in bitcoin after Jake Paul lost his fight against Tommy Fury? Let us know what you think about this subject in the comments section below. <\/strong><\/em><\/p>\n

\n
\n\n<\/div>\n
\n
\nJamie Redman <\/h6>\n

\nJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

\n
\n
\n<\/a>
\n<\/span>\n<\/p>\n<\/div>\n<\/div>\n

Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

\n

Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

\n