Home Drake accused of playing with Stake’s house money in $8 million loss

Drake accused of playing with Stake’s house money in $8 million loss

Drake, the rapper, has been accused of playing with the house money after posting an $8 million loss over the weekend. The artist is heavily involved with Stake, an online gambling platform that’s quickly become a powerhouse.

However, DJ Vlad, a YouTuber who shoots interviews with various musicians, is claiming that Drake’s losses aren’t what they seem. According to Vlad, Drake’s losses aren’t actually real and are all part of whatever deal Stake signed him onto.

Drake’s deal with Stake has been murky at best, with only secondhand information and a lot of use of the word “reportedly”. According to reports, it’s worth $100 million, while some suspect it’s increased to $180 million. So far, the deal appears to be the occasional appearance on streaming platform Kick, backed by Stake, and to promote gambling.

Vlad’s accusations may have some merit, in that he’s noticed that the betting odds don’t shift when Drake places large bets. Typically, when someone places hundreds of thousands of dollars on one wager, the odds will dramatically shift to reflect that.

Drake promoting gambling might be a deeper issue

It’s theorized by one user that Stake’s goal here is to market to a younger audience, while everyone involved profits in some capacity. Whenever Drake has appeared on stream alongside larger gamblers, such as Adin Ross or the XQC, they have glamorized the bets. In a recent piece on Pitchfork, Drake was described as giving motivational speeches around it.

In February of this year, Drake apparently was caught off guard by a drone filming him in his penthouse. A laptop on the table was facing towards the camera with Stake open. He was accused of undisclosed advertising, an issue Stake has previously been accused of.

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The ReadWrite Editorial policy involves closely monitoring the gambling and blockchain industries for major developments, new product and brand launches, game releases and other newsworthy events. Editors assign relevant stories to in-house staff writers with expertise in each particular topic area. Before publication, articles go through a rigorous round of editing for accuracy, clarity, and to ensure adherence to ReadWrite's style guidelines.

Joel Loynds
Tech Journalist

Joel Loynd’s obsession with uncovering bad games and even worse hardware so you don’t have to has led him on this path. Since the age of six, he’s been poking at awful games and oddities from his ever-expanding Steam library. He’s been writing about video games since 2008, writing for sites such as WePC and PC Guide, as well as covering gaming for Scan Computers, More recently Joel was Dexerto’s E-Commerce and Deputy Tech Editor, delving deep into the exploding handheld market and covering the weird and wonderful world of the latest tech.

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