Drake Loses $1M Bitcoin Bet on Super Bowl

Edgen Crypto

·Feb 10 2026, 02:02

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Key Takeaways

Canadian rapper Drake lost a $1 million wager placed in Bitcoin on the Super Bowl, continuing a pattern of high-profile, unsuccessful sports bets. The event highlights the growing use of cryptocurrency for high-stakes gambling by public figures, bringing mainstream attention to this specific use case.

Million-Dollar Loss: Drake forfeited $1 million in Bitcoin after his chosen team, the Patriots, lost the Super Bowl on February 9, 2026.
Celebrity Betting Trend: The event showcases how celebrities are using digital assets for large-scale, public wagers on major sporting events.
Increased Visibility: While not impacting Bitcoin's price, the bet draws significant media attention to crypto's role in the online gambling industry.

Drake Loses $1 Million Bitcoin Wager on Super Bowl

On February 9, 2026, Canadian rapper Drake lost a high-profile sports bet valued at $1 million, placed entirely in Bitcoin. The wager was staked on the Patriots to win the Super Bowl. The team's loss cost the musician his entire stake, adding to a history of failed bets that has fueled a social media meme known as the “Drake curse.”

High-Stakes Bets Highlight Crypto's Gambling Use Case

This event illustrates a growing trend of celebrities using digital assets for significant, cross-border wagers on major sporting events. While the $1 million transaction is negligible to Bitcoin's overall market liquidity and is unlikely to impact its price, it provides considerable mainstream media exposure. Such public bets spotlight crypto's utility in the online gambling sector, which may attract both new users and increased regulatory scrutiny to the platforms facilitating these transactions.