Simplebet and influencer Jake Paul raise $50m, launch micro-betting site –

US

Simplebet co-founder Joey Levy and social media personality Jake Paul have raised $50 million to launch a new microbetting company, Betr.

Levy will serve as the company’s CEO, and Paul will take on the role of president. They are both named as co-founders.

Betr allows customers to bet on smaller aspects of the game, such as pitches and at-bats during baseball games, and plays and drives during football games. The Betr app will be released in the coming weeks. The operator does not have a license yet, so you can play for free at first.

Read the full story at iGB North America.

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