Drake turns to bitcoin for million-dollar Super Bowl bet
Rapper placed a series of bets worth $1.6 million, including $600,000 to back the Los Angeles Rams triumphing over the Cincinnati Bengals
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America is gearing up for its biggest sports battle of the year, and Canadian rapper Drake is putting his money where his mouth is — crypto-style.
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Beckham Jr. was on board, responding in a comment: “It’s time.” The football star announced last year that he intends to receive his “new salary” from the National Football League in bitcoin, as part of an arrangement with Block Inc.’s smartphone payments service Cash App.
Viewers of this year’s Super Bowl were anyway unlikely to escape the buzz around cryptocurrencies.
Other sports betting platforms are even offering wagers on digital assets making an appearance at the Super Bowl. For example, punters can stake crypto tokens on whether a Bored Ape, a popular type of non-fungible token, might get shown on screen.
The price of bitcoin has dropped about 37 per cent since its November peak and was trading around US$43,700 on Friday.