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Thursday, October 6, 2022
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    HomeBitcoinRapper Drake Places Over $1.5 Million In Super Bowl Bets Using Bitcoin

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

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    The presence of celebrities in bitcoin is not a novel or stunning idea. Over the previous 12 months, quite a few celebrities have come out to precise their assist for bitcoin and the crypto market at massive, with NFTs offering them the most effective 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 house, he has put his crypto to work for him. With the Tremendous Bowl quick approaching, bets are being positioned everywhere. Rapper Drake has additionally taken to putting bets, however with bitcoin, and he’s set to obtain any potential winnings within the digital asset as effectively.

    Drake Bets With Bitcoin

    4-time Grammy award winner Drake took to his Instagram to point out 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 staff which is likely one of the most dominant within the NFL boasts some outstanding figures amongst its fanbase, together with rapper Drake.

    Associated Studying | Bitcoin Donations Are Aiding Ukraine In Fight Against Russia

    Whereas Drake’s bets in itself have 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 emblem, 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.

    Drake bet on Los Angeles Rams

    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 $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 sport.

    In complete, Drake is an estimated payout of two,886,000 Canadian {dollars} if his predictions transform 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 put bets on their favourite groups to win and it’s quick changing into the cost technique of selection amongst customers.

    A number of the causes behind this recognition are the convenience of use and privateness that comes with utilizing cryptocurrencies to put bets. Gamers should not 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 simple figuring out their bets are nameless.

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    Colorado made the headlines in 2019 when authorized sports activities betting was authorised 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 business will run in extra of $20 billion if all 50 states have been to cross 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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