It wasn't a one-on-one game, but they were on opposing teams and Quavo's caption for the video was "Y R N vs O V O Preseason Footage." One day later, we've got another clip of the two going at, only this time there was some money on the line.
(Warning: Video NSFW due to explicit language from the song playing in the video)
Drake and Migos were in Kansas City for the first stop on their "Aubrey and the Three Migos" tour, so it's probably safe to assume there will be a lot more basketball played as the tour continues.
(H/T: Brandon Dull)