CLEVELAND, OHIO: Jake Paul recently announced exciting news about his betting app startup, Betr, which has been valued at an incredible $300 million and received an additional $35 million in investment. He shared this post on his Instagram. The app was released on January 1, 2023, the same day Ohio decided to legalize sports betting.
The popularity of Betr in the sports betting market has rapidly grown. Its original strategy and user-friendly layout have attracted a substantial user base. However, a recent dispute related to the business almost led to an incident where Nate Diaz allegedly assaulted a worker.
Jake Paul’s betting app Betr
Microbetting is the primary focus of Betr, a collaboration between sports betting expert Joey Levy and Jake Paul. The app's main purpose is to allow users to place wagers by accurately predicting the outcome of every sporting event. Currently, it offers betting options for popular leagues such as the NBA, NFL, College Football, and MLB.
The statement coincided with a tweet from Front Office Sports (FOS), which emphasized Betr's achievement of securing $35 million in fresh funding through successful fundraising efforts. Notably, Betr has garnered support from renowned investors, which is an impressive accomplishment.
Prominent NFL players such as Richard Sherman, Dez Bryant, DeSean Jackson, Braxton Berrios, and artist Travis Scott are among the notable personalities who have endorsed Betr. Their support showcases their belief in Betr's mission and its potential for success.
'Gotta respect his work ethic'
As soon as the news broke, fans quickly expressed their views on Twitter. A fan said, “Love or hate him gotta respect his work ethic. YouTuber made it from transitioning to boxing, helping out fighters to being a startup founder” whereas another fan said, “The app is not that great. Well the last time I tried to use it. Micro betting is cool and all but the delay on the app compared to what you’re watching is horrible.”
Another fan commented, “Seems like a lot of 'round trip' investing going on here. Investment dollars going in and ad/services money going out to those same investors.” Another one said, “Is it fo' real, though? Or are we gonna hear a month or 2 from now about how all these mofos got scammed? Seems to be all too common nowdays.”
