Traders Are Wagering On Snoop Dogg’s Promise To Stop Smoking

As Snoop swears to bid adieu to the ganja, risk taking crypto aficionados emerge to pony up their bets.

Snoop Dog no happy people are bidding on him with crypto.
Created by Kornelija Poderskytė from DailyCoin
  • Traders are placing their bets on Snoop Dogg’s smoke-free promise.
  • Iconic Hip Hop artist Snoop Dogg announced the decision on Twitter.
  • Snoop previously donated 22 blue-chip NFTs to the LA Museum of Art.

The iconic rapper and entertainer Snoop Dogg has shocked the world with his decision to stop smoking weed. The musician took to Twitter to share a brave message, explaining why he’s kicking the habit. “After much consideration & conversation with my family, I’ve decided to give up smoke. Please respect my privacy at this time”.

Interestingly, Snoop Dogg’s unexpected vow to punt the blunt has sparked so much interest among the crypto community, that the more confident cryptocurrency aficionados have started to make bets on whether or not the legendary Long Beach, California bred Hip Hop artist would last till the New Year’s Day without hitting the sticky icky.

Snoop Dogg Quitting Smoking Raises Several Questions

In spite of the shocking announcement, the veteran Marijuana enthusiast’s vow to quit smoking weed has caused different reactions. While the decision left some of the rapper’s fans open-mouthed, others flocked to the crypto prediction platform Polymarket to wager on the musician’s likelihood of rolling one up again in the remainder of the year 2023.


So far, the question of “Will Snoop smoke again in 2023?” has been answered by over a thousand crypto enthusiasts. For research purposes, DailyCoin explored the possible outcomes of this crypto wager.

To illustrate, if a crypto trader bets $420 on the choice ‘Yes’, meaning that Snoop Dogg will smoke Marijuana sometime before December 31, 2023, 11:59 PM ET, they would be eligible for a potential return of $1,094.06 (160%).

This signifies trust in Snoop Dogg’s (real name Calvin Broadus Jr.) statement, as betting $420 on ‘No’ returns the bettor a way lower percentage: $515.46 (22.72%). The settlement of this crypto bet highly depends on the communication from Snoop Dogg’s team or a consensus of credible reporting.

Some crypto traders are skeptical about Snoop’s smoke-free pledge.

On The Flipside

  • The unusual wager has raised a couple of philosophical and technical questions that should be taken into consideration. For example, does vaping cannabis count? Furthermore, there are a bunch of other cannabis products without fumes, like edibles, THC oil, hand creams, and more.

Why This Matters

Using cryptocurrency for real-life entertainment brings another significant use case for blockchain technology.


Read DailyCoin’s top crypto news:
USDT Flagged as Potential Risk for BlackRock’s Bitcoin ETF
How to Make a Crypto Exchange Disappear? BKEX May Know a Trick

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Tadas Klimasevskis

Tadas Klimaševskis is a Lithuanian journalist at DailyCoin, specializing in covering the lighter side of the crypto industry such as memecoins and pop culture in the metaverse. He has experience as a music artist, English language teacher, and freelance writer, and uses his creative writing skills to summarize valuable information in his work. He is also a strong believer in the potential of blockchain and spends his free time listening to music, traveling, and watching basketball games.