Snoop DoggCrypto gamblers can now get in on the current frenzy on whether Snoop Dogg will be true to his word, saying he has stopped smoking weed. Polymarkey has offered this chance and bet on whether the popular stoner has taken this chance to turn on a new leaf. This has presented a unique opportunity for traders and investors alike to profit from a real-life human experience that is entirely unpredictable but still probable.
The crypto world has seen a massive influx of influences joining the space either as marketers or investors. It’s now possible to even involve financial risk in betting on the activities of these celebrities, including rappers and stones alike. In this current case, it’s the famous ganja lover Snoop Dogg.
Snoop Dogg’s words have been received by the stoner community and the crypto world with one question on their minds: Will Snoop Dogg really stop his long weed-smoking habit? What would you bet on?
Snoop Dogg decides he’s quitting marijuana
Word on X (formerly Twitter) on Thursday has been met with a surprising turn, and crypto investors have taken to investing in the new developments quoted by the popular star Snoop Dogg. The renowned stoner wrote his shocking announcement, igniting a cluster of mumbles and questions of skeptical expressions. Snoop Dogg said he is officially giving up his habit of marijuana intake.
Snoop Dogg posted and expressed his decision and stated, “After much consideration and conversation with my family, I’ve decided to give up smoke.”
The decentralized finance (DeFi) market is not sure if Snoop, a popular star involved in acting, rap music, and has been a crypto enthusiast, will permanently quit smoking. The crypto degens have now taken to betting using cryptocurrencies on whether he will put down his rolling papers. Polymarket has made this possible, and crypto enthusiasts can bet crypto predictions on which way the loud smoker will blow.
The Polymarket opened briefly after Snoop made his declaration, and now crypto gamblers can wager if the famous entertainer will not smoke in 2023. The wager is to stay active until midnight on New Year’s Eve. However, the bet is yet to garner attention, but still, there is some interest suggested around the topic since the order book already records a growing number of limit orders already lined up.
Earlier today, two pints currently hold the odds of the bet that’s also on even money. Activity on the wager shot up odds of a “Yes” that rose to 73%. This meant that if Snoop Dogg actually stopped smoking till the end date of the bet, it provided its backing support with better returns than the wager he’d break his word.
Simply put, if he punts the blunt, more returns; if he doesn’t, less returns. This bet is placed on predictable human behavior that is also susceptible to change. The current bet weighs on both technical and philosophical ideology.
More details on the Snoop Dogg’s bet
However, it’s still not clear from his post whether he is giving up the entire plant intake or just smoking it. Has he given up on edibles and weed products like hand creams and oil? These are among the skeptical ideologies that are driving the pressure on the bets and wager on Snoop Dogg’s decision made public on November 16.
The questions also apply to the overseers of the Polymarket Snoopgate bet, as the question only asked whether the star would smoke before New Year’s. Another query comes to light, will the gamblers who placed their bets on “Yes” with hard-earned crypto face a loss on their wager if they decide to take weed?
Additionally, UMA, the DeFi oracle network, has taken up the role of resolving the Snoopgate bet. As such, they placed the fine print of the wager as, “The resolution source for this market will be statements from Snoop Dogg and/or a consensus of credible reporting.”
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