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Drake Bets $1.3M in Bitcoin on NFL Super Bowl Match

UTC by Kofi Ansah · 3 min read
Drake Bets $1.3M in Bitcoin on NFL Super Bowl Match
Photo: Depositphotos

“All bets are in on the family,” Drake wrote after his bet. Beckham Jr. replied by saying: “It’s time.”

Rap star and pop legend, Drake, has placed a $1.3 million worth of Bitcoin bet on the Super Bowl match featuring the heavily-favored Los Angeles Rams and probably this year’s most exciting team in the NFL, the Cincinnati Bengals.

The Grammy-award-winning rapper placed a $1.26 million BTC bet on the matchup between the AFC and NFC champions. The Canadian backed the LA Rams to emerge victorious with over $471,000 worth of Bitcoin. In addition to the Rams lifting the Lombardi trophy, the Canadian also bet almost $392,000 on Odell Beckham Jr., a wide receiver with the team, to have more than 62.5 receiving yards and an additional $392,000 that Beckham Jr is going to have over 0.5 anytime touchdowns.

“All bets are in on the family,” Drake wrote after his bet, with which Beckham Jr. replied by saying, “It’s time.” Charles James, a long-time Bengals fan and football veteran, reacted to the interaction by replying, “You just confirmed it! I’m Cincinnati! Burrow for the win. Call a reasonable number.”

Beckham Jr., a former first-round pick, offensive rookie of the year, and three-time Pro-Bowler, partnered with Cash App a few months back and announced he would be taking some of his NFL salary in Bitcoin. Beckham was released by the Cleveland browns mid-season and signed as a free agent with the Rams. The wide receiver agreed to receive $750,000 of his salary in Bitcoin and later promised to give back $1 million in BTC to his fans. 

Beckham, who could earn an estimated $4.25 million in salary this year, made the news a few weeks back after experts suggested his bitcoin portfolio had shrunk, attributing the drop to the recent crypto market woes and big fines. 

The  National Football League will be giving away limited-edition non-fungible tokens (NFT) to fans attending the Super Bowl’s return to Los Angeles on February 13. According to the NFL, the NFT will commemorate the game day by giving a personalized digital keepsake that includes the attendee’s unique section and row.

The league, back in September last year, temporarily prohibited NFL teams from selling sponsorships to cryptocurrency trading firms. Teams were also banned from selling non-fungible tokens (NFTs) as according to the NFL, they were developing a strategy in the “hot and cold market for sports digital trading cards and art.”

“Clubs are prohibited from selling, or otherwise allowing within club controlled media, advertisements for specific cryptocurrencies, initial coin offerings, other cryptocurrency sales or any other media category as it relates to blockchain, digital asset or as blockchain company, except as outlined in this policy,” a team official stated at that time. 

Bitcoin News, Cryptocurrency news, News
Kofi Ansah
Author Kofi Ansah

Crypto fanatic, writer and researcher. Thinks that Blockchain is second to a digital camera on the list of greatest inventions.

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