Jake Paul is launching a sports "micro-betting" venture
CBSN
YouTuber-turned-boxer Jake Paul has secured $50 million in venture capital to launch a new sports gambling platform called Betr.
Paul said Monday that Betr will focus on two businesses — so-called micro-betting and producing original sports content. In micro-bets, sports fans wager that something will happen during a game, rather than betting on the final outcome.
"I wasn't into sports betting until I was introduced to micro-betting," Paul said in a statement. "Micro-betting is the TikTok-ification of sports betting and I am excited to bring it to the masses through Betr."
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