Drake Profits Big On Denver Nuggets NBA Championship, But This Bettor's Insane Parlay Might Be More Impressive
Portfolio Pulse from Chris Katje
Rapper Drake won around $830,000 in profits after betting $1.25 million on the Denver Nuggets to win the NBA Championship and the series in five games. The bets were placed on Stake, a cryptocurrency betting platform he is partnered with, using Bitcoin.
June 13, 2023 | 11:17 pm
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Drake's $1.25 million bet on the Denver Nuggets using Bitcoin highlights the growing use of cryptocurrencies in sports betting.
Drake's bet on the Denver Nuggets using Bitcoin demonstrates the increasing adoption of cryptocurrencies in sports betting. However, this single event is unlikely to have a significant short-term impact on Bitcoin's price.
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