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Front Office Sports Today. DARWIN, AUSTRALIA — JUNE EDITORS NOTE: A polarizing filter was used for this image. Anton de Pasquale driver of the 11 Shell V-Power Racing Ford Mustang GTduring the Betr Darwin Triple Crown, part of the Supercars Championship Series at Hidden Valley Raceway on June 18, , in Darwin, Australia.

Betr is backed by Jake Paul and Joey Levy. Check out our free email newsletters. What to read next January 3 , - 10 : 09 AM Abigail Klein Leichman. Recommended from our partners. RECENT UPDATES. Boxing Star Garcia Announces New Relationship And Training His Girlfriend For A High-Stakes Fight.

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Jake Paul and Miami Marlins co-owner Roger Ehrenberg are investors in Betr, which has a pre-money valuation of $ million K Likes, Comments. TikTok video from Betr (@betr): M CINCINNATI — Jake Paul is still an owner and co-founder of the online sportsbook known as Betr. But in the eyes of Ohio gaming regulators

Jake Paul, Joey Levy Raise $50 Million for Betr Startup

Betr jake paul - "Jake Paul, the YouTube star-turned-boxer, has raised $50 million alongside sports betting entrepreneur Joey Levy to launch a new company called Betr. The Jake Paul and Miami Marlins co-owner Roger Ehrenberg are investors in Betr, which has a pre-money valuation of $ million K Likes, Comments. TikTok video from Betr (@betr): M CINCINNATI — Jake Paul is still an owner and co-founder of the online sportsbook known as Betr. But in the eyes of Ohio gaming regulators

And that solves a problem for Betr Holdings Inc. The licensing of key employees is an ongoing requirement for sportsbooks. Paul is an Ohio native who rose to fame on social media before becoming a professional boxer in He was among eight celebrities accused of violating securities laws by promoting a cryptocurrency investment on Twitter in without disclosing they were paid to do so.

Securities and Exchange Commission without admitting liability. Betr asked Ohio to let Paul withdraw his license application in a May 18 email. It certainly would bring in additional questioning and may affect suitability. That may be a reason why Jake Paul was removed.

Betr CEO Joey Levy did not respond to an email from the WCPO 9 I-Team that requested information about its Ohio strategy and interviews with Levy and Paul, as co-founders of the company.

Asked to explain its decision, the Ohio Gaming Control Commission provided a statement that includes:. Based on this information from Betr, the commission determined Mr. Paul no longer was required to obtain a sports gaming key employee license, as defined in Ohio law.

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Apply Now. More in Sports Betting. January 29, The new funding round is expected to help the company continue to monetize users with Betr Gaming and invest in content creators for Betr Media to increase brand awareness.

C-Suite Startups. Chris Katje. June 27 , 4 min read. YouTube personality Jake Paul celebrates after knocking out former UFC welterweight champion Tyron Woodley during a fight at the Amalie Arena in Tampa, Florida, on December 18, DARWIN, AUSTRALIA — JUNE EDITORS NOTE: A polarizing filter was used for this image.

Anton de Pasquale driver of the 11 Shell V-Power Racing Ford Mustang GTduring the Betr Darwin Triple Crown, part of the Supercars Championship Series at Hidden Valley Raceway on June 18, , in Darwin, Australia. Betr is backed by Jake Paul and Joey Levy.

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