A Month After Insulting Nate Diaz to Gain Fame, Jake Paul Receives $35 Million at $300 Million Valuation for His Venture, ‘Betr’

In a recent update on his Instagram, Jake Paul shared exciting news about his betting app company, Betr, which has been valued at an impressive $300 million.

The app’s launch coincided with Ohio’s decision to legalize sports betting on January 1st, 2023. Betr has quickly gained traction in the sports betting industry. Its unique approach and user-friendly interface have attracted a considerable user base. However, a controversy involving the company almost got an employee beat up by Nate Diaz!

The involvement of Jake Paul in betting app attracts big-league investors

Betr, a joint venture between Jake Paul and sports betting veteran Joey Levy, focuses on micro-betting. The app focuses on allowing users to place bets on predicting every moment of sporting events. It currently offers betting services for popular leagues such as the NBA, NFL, College Football, and MLB.

The announcement came alongside a tweet from Front Office Sports (FOS) that highlighted Betr’s successful fundraising efforts, with $35 million in new funding secured.

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Impressively, Betr has garnered support from prominent investors. Some of which include renowned NFL athletes Richard Sherman, Dez Bryant, DeSean Jackson, Braxton Berrios, and rapper Travis Scott. This backing from influential figures demonstrates the belief in Betr’s vision and potential for success.

A Betr employee wanted to be on the Paul vs Diaz undercard

One of Betr’s employees, Derek, has sparked attention with controversy amid the company’s growth and success. Derek became embroiled in a verbal conflict with Nate Diaz, Jake Paul’s upcoming opponent in a boxing match. In an interview with Diaz, Derek insulted Nate’s brother, Nick, and even challenged him to a boxing fight. However, what followed was even more unexpected.

Just a day after his inflammatory comments, Derek released a non-apology video that only further fueled the controversy. In the video, he not only failed to show genuine remorse but also persisted in calling for a fight against Nick Diaz. Derek went as far as to call out rap artist Drake, calling him out for a boxing match.

As the boxing match between Jake Paul and Nate Diaz approaches, the focus on Betr and Jake Paul’s business ventures intensifies. The outcome of the fight, along with Betr’s continued growth, will undoubtedly shape the public’s perception of Jake Paul and his entrepreneurial endeavors.

In conclusion, the recent developments surrounding Betr and Jake Paul’s business ventures have evoked both excitement and concern. The valuation and funding achievements highlight the potential for Betr’s success in the sports betting industry.

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