Canadian Singer Drake Loses $400K Bitcoin Bet


Drake, a well-known Canadian rapper, and singer lost a $400,000 bitcoin wager he placed on boxer-turned-YouTuber Jake Paul.

Drake had wagered that Jake Paul would defeat Tommy Fury via knockout.

The singer would have received $1.4 million in bitcoin if Jake had won the fight over Tommy Fury.

Tommy Fury ended Jake Paul's winning streak by defeating him on February 26, 2023, in Diriyah, Saudi Arabia.

Prior to the match, Drake staked 17 BTC on Jake Paul  to defeat Tommy Fury through a knockout.  After losing the fight to Tommy Fury, Jake Paul made a joke and blamed Drake for his loss.

Jake also mentioned that Drake had bet on him before and won a lot more money than the current $400,000 bet.