Drake Loses Bitcoins Worth $275,000 after Betting in a UFC Match

He put money on Jorge Masvidal, who was defeated by Colby covington in the UFC 272 grudge match.

Written By:
Rajpalsinh

Drake Loses Bitcoins Worth $275,000 After Betting In A Ufc Match

The famous Canadian rapper, Drake lost his crypto bet worth roughly $275,000 in Bitcoin, which he placed on American professional mixed martial artist Jorge Masvidal.   

On Saturday, a Seismic UFC 272 event was held at the T-Mobile arena in Las Vegas. Drake placed a bet on Masvidal, as believed that he would easily defeat his opponent Colby Covington and could get him over $700,000 through the winning bet.

Unluckily, the result of the Mixed Martial Arts (MMA) showdown was not in Drake’s favor. Colby’s every punch and kick made him the winner of every round. The entire match was one-sided domination by Colby that declared him a winner by unanimous decision.

Before this, the rapper gambled on Super Bowl LVI for $381,000 in the largest cryptocurrency. At that time, his luck supported him to earn easy money after the Los Angeles Rams defeated the Cincinnati Bengals.

But, afterwards, the U.S authority unveiled that the betting platform ‘Stake’, which was used by Drake is not registered and licensed in the Ontario province. That means the bet that he won may have been illegal.

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Meet Rajpalsinh, a Content Writer at The Crypto Times, where his magical hands, with over 2 years of experience, transform the cryptic world of crypto into laughably simple tales.