• Loading stock data...
Saturday, July 19, 2025

Jake Paul Raises $50M for Sports Micro-Betting Startup

  • Jake Paul’s sports betting startup has raised $50 million.
  • The venture will focus on micro-betting and includes a media wing.
Jake-Paul
Kim Klement-USA TODAY Sports

Jake Paul is leveraging his notoriety to break into sports betting.

The influencer and boxer helped raise a $50 million Series A funding round for his new sports betting and media company, Betr. The company will target young sports fans with a focus on micro-betting — bets placed on an isolated event within a game or match.

“Micro-betting is the TikTok-ification of sports betting, and I am excited to bring it to the masses through Betr,” said Paul.

  • The funding round is being led by Florida Funders, Aliya Capital Partners, and Fuel Venture Capital.
  • The round also received investment from retired NFL stars Richard Sherman and Dez Bryant, co-owners of the San Francisco 49ers, Boston Celtics, and Miami Marlins, Simplebet, Magic City Casino, and Stronach Group.  
  • Betr’s CEO Joey Levy, co-founder of Simplebet, will helm the betting side, while Paul will run the company’s media division. 
  • Last year, Paul’s Anti Fund and former UFC executive Nakisa Bidarian led a $30 million round in Simplebet, which also focuses on micro-betting. 

Paul, 25, said he’s been paid millions to promote sportsbooks.

“They need the influencers,” he said. “Now it’s our turn to take over from the dinosaurs.”

Big-Money Boxing

Paul earned $45 million over 12 months for his 2021 boxing matches and other ventures, per Forbes.

He told Front Office Sports that he actually earned “about $10 million more than that,” adding, “a lot of times I get paid for sponsorships in Ethereum, so it fluctuates.”

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Jun 9, 2025; Cleveland, Ohio, USA; Cleveland Guardians starting pitcher Luis Ortiz (45) reacts after giving up a home run during the fourth inning against the Cincinnati Reds at Progressive Field.

MLB Pitcher’s Paid Leave Extended Through August As Betting Probe Continues

Leagues have been dealing with a host of sports betting issues.
Mar 31, 2025; Washington, District of Columbia, USA; Miami Heat guard Terry Rozier (2) drives to the basket against Washington Wizards guard AJ Johnson (5) during the first quarter at Capital One Arena.

Terry Rozier’s Attorney Confirms He’s Still Under Federal Gambling Probe

Rozier finished the season playing for the Heat despite the federal probe.

Featured Today

Ryan Field Construction
exclusive

First Look Inside Northwestern’s $862 Million New Ryan Field

Five big things FOS learned on our exclusive stadium tour.
Jul 21, 2024; Ayrshire, SCT; Xander Schauffele celebrates with Claret Jug after winning the Open Championship golf tournament at Royal Troon.
July 17, 2025

The Boozy History and Traditions of The Open’s Claret Jug

The Open awards the world’s most famous wine decanter.
2025 PDC World Darts Championship Final - Luke Littler vs Michael Van Gerwen
July 16, 2025

A Teen Darts Prodigy Is Becoming Bigger Than the Game Itself

Luke ‘The Nuke’ Littler is cashing in on his devastatingly accurate shot.
May 31, 2025; Philadelphia, PA, USA; Sydney McLaughin-Levrone (USA) reacts before the women's 100m hurdles during the Grand Slam Track Philadelphia at Franklin Field
exclusive
July 13, 2025

Track’s New Money Is Running Into Old Problems

The sport’s big-money era has hit some speed bumps in 2025.
Apr 26, 2025; San Francisco, California, USA; Houston Rockets guard Fred VanVleet (5) before game three of first round for the 2024 NBA Playoffs against the Golden State Warriors at Chase Center.

Rockets Get $20 Million in Wiggle Room From New VanVleet Deal

VanVleet first signed with the Rockets in 2023.
April 20, 2025

Max Verstappen Linked to $300M Aston Martin Deal Ahead of Miami GP

Aston Martin is currently seventh in the constructors championship.
June 24, 2025

Timberwolves’ 4-Year Ownership Saga Ends As A-Rod, Lore Take Over

The unanimous approval brought a clean end to a long-disputed transaction.
Sponsored

Game On: Portfolio Players Stories, Brought to You by E*TRADE from Morgan Stanley

Dealmaker Jeffrey Kaplan maps the evolution of sports as an asset class
March 27, 2025

Peyton Manning’s Omaha Productions Gets PE Boost

The Hall of Famer’s company gains another prominent backer.
March 20, 2025

High School Sports Power Signs Eight-Figure Rights Deal in First

The deal pays roughly $1 million annually, FOS has learned.
March 20, 2025

Maxx Crosby’s Agent: Edge Rushers Set to Dominate NFL’s Non-QB Market

Maxx Crosby just signed a three-year, $106.5 million extension.
March 4, 2025

Eagles Make Saquon Barkley NFL’s Highest-Paid Running Back Ever

Barkley is coming off a historic 2024 season with the Eagles.