Drake Loses $300,000 Bitcoin Bet After Argentina Defeats Canada in Copa America 2024

  • Canadian rapper Drake places a high-stakes Bitcoin bet on his home country’s team in the Copa America 2024 tournament.
  • Though Drake’s bold wager made headlines, critics like Daniel Regha were quick to call it a losing gamble.
  • “Canada defeating Argentina is next to impossible,” Regha remarked, reflecting widespread skepticism.

Drake stakes $300,000 in Bitcoin on Canada’s victory at Copa America 2024.

Drake’s Crypto Gamble: Betting Big on Canada

In a move that caught the attention of both sports and crypto enthusiasts, Canadian rapper Drake made a $300,000 Bitcoin bet on Canada’s success in the Copa America 2024 tournament. This high-profile wager, shared with his fans on Instagram, reflected Drake’s confident support for his national team as they faced off against soccer powerhouse Argentina.

Critics Challenge Drake’s Optimism

Not everyone shared Drake’s hopeful outlook. Nigerian social media personality Daniel Regha labeled the bet as futile, predicting an Argentine victory as an almost foregone conclusion. Regha’s commentary, echoed by many in the sports community, pointed out the difficulty Canada would face against Lionel Messi and his team.

Outcome: A Costly Loss

The much-anticipated semi-final match on July 9th ended in disappointment for Drake and Canadian fans as Argentina emerged victorious. While Drake’s $300,000 bet could have yielded a substantial $2,880,000 payout had Canada won, the gamble ultimately resulted in a significant financial loss.

A Pattern of High Rolls and Big Losses

Drake’s foray into high-stakes sports betting is not a new phenomenon. In the 2022 World Cup, he lost $1 million following Argentina’s narrow win over France in a penalty shootout. Similarly, unsuccessful bets on the Dallas Mavericks and Edmonton Oilers have also cost the rapper dearly, each to the tune of $1 million.

This series of losses raises questions about Drake’s betting strategy and whether he will alter his approach in future wagers. As the crypto and sports betting worlds intersect more frequently, Drake’s gambles continue to generate significant public interest.


Drake’s substantial crypto bets, particularly his recent $300,000 wager on Canada, highlight the volatility and high stakes in both the sporting and financial arenas. While his bold moves captivate fans and critics alike, the resulting losses prompt consideration of the balance between support for one’s team and financial prudence. Moving forward, it remains to be seen whether Drake’s enthusiasm for high-stakes gambling will persist or if he will adopt a more cautious approach.

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Gideon Wolf
Gideon Wolfhttps://en.coinotag.com/
GideonWolff is a 27-year-old technical analyst and journalist with extensive experience in the cryptocurrency industry. With a focus on technical analysis and news reporting, GideonWolff provides valuable insights on market trends and potential opportunities for both investors and those interested in the world of cryptocurrency.

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