Famous musician Drake placed two substantial bets totaling $1 million in Bitcoin on the NBA Finals and the Stanley Cup Finals. He bet on the Dallas Mavericks to win the NBA Finals and the Edmonton Oilers to win the Stanley Cup Finals. The Canadian musician made these bets through his partnered betting platform, Stake. Unfortunately for Drake, his prediction for the NBA Finals did not come to pass as the Boston Celtics won the championship after taking a 3-0 lead in the series.

Drake's bet of $500,000 on the Dallas Mavericks would have earned him $1.375 million if they had won the NBA championship. However, the Boston Celtics won the series 4-1, and Drake lost his bet. The musician's bet on the Edmonton Oilers is still live, but the Oilers are down 3-1 in their series against the Florida Panthers. Drake's Bitcoin wallet could take another hit if the Oilers lose the Stanley Cup Finals. The musician is unlikely to be short on funds as he is one of the most popular artists in the world and an official partner of Stake.

Drake frequently shows off his extravagant lifestyle on social media, and his Bitcoin bets on sporting events are not the only ones he has made. Earlier this year, he won $1.2 million in Bitcoin after betting on the Kansas City Chiefs to win the Super Bowl. However, he also lost $400,000 in Bitcoin on a bet for YouTuber Jake Paul to win a boxing match against Tommy Fury. The musician's betting activities are in line with his previous endorsements of cryptocurrency, and he has also partnered with Stake, a betting platform.

Drake's recent bets have attracted attention and highlighted the growing connection between sports betting, cryptocurrency, and celebrity culture. While the musician is unlikely to be short on funds, losing $500,000 worth of Bitcoin, or potentially $1 million if both bets fail, is sure to sting. The outcome of Drake's NHL wager will be determined in the coming days as the Stanley Cup Finals continue to unfold.

Drake's betting activities have made headlines in the past, and his recent bets are no exception. His high-stakes Bitcoin bets have drawn attention to the growing connection between crypto, sports betting, and celebrity culture. While Drake is unlikely to be short on funds, his losses are a reminder that betting always carries risk, even for someone of his financial stature.