Drake loses $400K BTC bet on Jake Paul-Tommy Fury Fight
In a stunning turn of events, Sunday night’s highly anticipated boxing match between Jake Paul and Tommy Fury ended in a split decision, with Fury emerging victorious over the once mighty Paul.
The bout, held in Diriyah, Saudi Arabia, went down to the wire as Fury won via split decision (74-75, 76-73, 76-73), despite Paul knocking Fury down in the eighth round.
The former YouTube star, who had made a name for himself with his brash personality and knockout prowess, was abandoned when Fury took the win.
But the drama didn’t end there. In the aftermath of the match, Paul was forced to confront a bitter truth: his loss had cost one of his biggest supporters a fortune.
Goodbye, $400,000 Bitcoin Bet
Drake, the Canadian rapper and longtime Paul fan, had reportedly bet a staggering $400,000 in Bitcoin (roughly 17 BTC) on the hero’s success in the ring.
With Paul’s defeat, Drake was left with nothing but regret and a gaping hole in his wallet. Or did he?
On Instagram, Drake proudly displayed his efforts, as he had done on the cryptocurrency gaming platform Stake. Drake, using a door emoji, stated: “Knock knock.”
According to the screenshot Drake posted, Paul would have been eligible to receive $1.44 million in bitcoin if he had won the match.
Jake Paul jokingly blamed Drake for his loss to Tommy Fury. “F***! This is all Drake’s fault!” Paul said.
Paul added:
“Drake, brother, why did you do this to me? No, it’s my fault. $400,000 is nothing to him – he’s won a lot more money betting on me before […] Sorry Drake, I’ll get that win in the rematch.”
Drake is notorious for releasing his predictions for major athletic events before each one he bets on.
Back in November, he put down $2 million on Israel Adesanya to win UFC 281 vs Alex Pereira.
The fight ended in the fifth round when Pereira knocked out Adesanya, costing Drake 2 million Canadian dollars.
Earlier, on February 14, Drake earned $1.26 million in Bitcoin wagers after the Kansas City Chiefs defeated the Philadelphia Eagles in Super Bowl LVII.
Drake lost $275,000 in bitcoin turnover on Jorge Masvidal’s fight, and $234,000 in bitcoin after Charles Leclerc failed to win the Spanish Grand Prix.
‘The Drake Curse’
The phrase “The Drake curse” was coined when many athletes and teams failed to reach their goals after Drake bet on them.
“Victims” include the likes of former heavyweight champion Anthony Joshua. Drake predicted that the Briton would win the first boxing match against Andy Ruiz, but the Mexican underdog won by knockout.
Crypto total market cap at $1 trillion on the weekend chart | Chart: TradingView.com
The rapper has also lost money betting on football. He bet a million dollars worth of bitcoin that Argentina would win the FIFA World Cup against France.
But in the end, Messi and his squad won on penalties and took home the trophy.
At the time of writing, Bitcoin was trading at $23,708, down 2.4% over the past seven days, data from Coingecko shows.
– Featured image from MMA Mania
