Canadian musician Drake is on the brink of a significant financial loss as his bets on the NHL and NBA finals could cost him $1 million worth of Bitcoin (CRYPTO: BTC). What Happened: Drake placed two separate $500,000 bets on the Edmonton Oilers and the Dallas Mavericks to win their respective Stanley Cup and NBA finals. However, both teams are currently facing significant challenges in their series, CoinDesk reported. The Oilers have lost three consecutive games against the Florida Panthers in the hockey championship, while the Mavericks are trailing 3-0 in the basketball tournament after con…