Drake’s streak of unfortunate sports betting outcomes continues as the Canadian rapper reportedly lost $1 million on Conor McGregor’s recent defeat. Facing Max Holloway at UFC 329 in Las Vegas after a five-year hiatus, the Irish fighter’s performance proved costly for the superstar.
A Costly Defeat for Drake
The match turned decisive almost immediately; McGregor appeared to struggle with knee stability within the opening seconds. The fight ended abruptly just 1:09 into the bout when the referee intervened.
Holloway secured the victory following an intense offensive against the veteran fighter. This resulted in an immediate $1 million USDT loss for Drake, with the wager reportedly funded via Bitcoin (BTC). This incident adds to a history of high-profile betting losses for the rapper, including:
- 2018 NBA Finals – Golden State Warriors
Drake placed significant wagers on the Warriors to defend their title, but they were ultimately upset by the Cleveland Cavaliers in a series that reportedly cost him six figures.
- 2019 NBA Playoffs – Milwaukee Bucks
He heavily backed the Bucks against the Toronto Raptors, but the Raptors secured the series and the championship, highlighting a recurring theme of bad luck regarding Drake’s local connections.
- 2022 UFC 276 – Israel Adesanya
Bitcoin Faces Market Volatility Amidst Macroeconomic Shifts
Drake’s substantial gambling loss coincides with Bitcoin (BTC) dropping below the $62,000 threshold, driven by rising geopolitical tensions. According to TradingView, most major-cap digital assets saw declines of 3-5% on Monday afternoon, pushing the Crypto Fear & Greed Index back into “extreme fear” territory after a period of relative stability.
On-chain metrics further reinforce this bearish sentiment: the Parabolic Stop & Reverse (SAR) index is signaling a “sell,” while whale activity indicates significant selling pressure. Market analysts suggest that a recovery toward $64,000 depends largely on how the market responds to recent geopolitical developments involving international trade routes.