And that solves a problem for Betr Holdings Inc. The licensing of key employees is an ongoing requirement for sportsbooks. Paul is an Ohio native who rose to fame on social media before becoming a professional boxer in He was among eight celebrities accused of violating securities laws by promoting a cryptocurrency investment on Twitter in without disclosing they were paid to do so.

Securities and Exchange Commission without admitting liability. Betr asked Ohio to let Paul withdraw his license application in a May 18 email. It certainly would bring in additional questioning and may affect suitability. That may be a reason why Jake Paul was removed. Betr CEO Joey Levy did not respond to an email from the WCPO 9 I-Team that requested information about its Ohio strategy and interviews with Levy and Paul, as co-founders of the company.

Asked to explain its decision, the Ohio Gaming Control Commission provided a statement that includes:. Based on this information from Betr, the commission determined Mr. Paul no longer was required to obtain a sports gaming key employee license, as defined in Ohio law.

Betr has an ongoing responsibility to remain suitable for licensure as do all licensees — we are regularly in contact with them on compliance, licensing and other matters. In addition to low market share, Betr has been criticized for its use of social media to attract bettors.

The company said it has rigorous policies to prevent underage betting and deposit limits on bettors aged 21 to Messenger said such criticism is an argument against letting Betr compete in Ohio without requiring Paul to be licensed.

But we do have to be conscious that Jake Paul appeals to a younger demographic. And the question for regulators in Ohio and elsewhere is whether Jake Paul is really appealing to those under the legal age to engage in gambling activities. An Oct. Betr confirmed it is on track to launch its initial sportsbook ahead of the NFL season with a phased launch across all states it currently has acquired access to.

This has materialized due to a partnership with the Cordish Gaming Group through its parent company which owns and operates casino resorts in Pennsylvania , Maryland , and Louisiana. The Keystone State of Pennsylvania will also be the inaugural territory to welcome the launch of Betr Casino, subject to regulatory approval.

Further agreements have been reached with Boulter Developments in Colorado and with the Eastern Band of Cherokee Indians in Kentucky. Betr co-founder and CEO Joel Levy was thrilled at the expansion of its sportsbook operations, as well as looking forward to the casino venture:.

Levy forecasted a positive outlook and an increase in scale by the end of for their four lines of business, Betr Fantasy, Betr Sportsbook, Betr Casino, and Betr Media. Graeme Hanna is a full-time, freelance writer with significant experience in online news as well as content writing.

Since January , he has contributed as a football and news writer for several mainstream UK titles including The Glasgow Times , Rangers Review , Manchester Evening News , MyLondon , Give Me Sport , and the Belfast News Letter.

Graeme has worked across several briefs including news and feature writing in addition to other significant work experience in professional services. Now a contributing news writer at ReadWrite. com, he is involved with pitching relevant content for publication as well as writing engaging tech news stories.

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Jake Paul and Miami Marlins co-owner Roger Ehrenberg are investors in Betr, which has a pre-money valuation of $ million K Likes, Comments. TikTok video from Betr (@betr): M CINCINNATI — Jake Paul is still an owner and co-founder of the online sportsbook known as Betr. But in the eyes of Ohio gaming regulators

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Betr jake paul - "Jake Paul, the YouTube star-turned-boxer, has raised $50 million alongside sports betting entrepreneur Joey Levy to launch a new company called Betr. The Jake Paul and Miami Marlins co-owner Roger Ehrenberg are investors in Betr, which has a pre-money valuation of $ million K Likes, Comments. TikTok video from Betr (@betr): M CINCINNATI — Jake Paul is still an owner and co-founder of the online sportsbook known as Betr. But in the eyes of Ohio gaming regulators

February 28, February 26, A cooling market and Fanatics autograph deal leaves big-money collectors waiting.

February 25, Fake Schefters and Wojs, fabricated trade demands, and borrowed profile pictures. Careers Powered By. Careers in Sports Looking for a new job? Check out these featured listings and search for openings all over the world.

Apply Now. More in Sports Betting. January 29, Corporate parent of sports betting leader hits the U. stock market. January 30, January 24, What are players—both in the game, and just visiting—allowed to do?

December 8, Flutter Entertainment looks to expand U. presence with stock listing. November 21, The new funding round is led by Roger Ehrenberg via IA Sports Ventures and Eberg Capital and Fuel Venture Capital.

Betr co-founders Joey Levy and Jake Paul also invested in the company in the new round via a personal investment and the Anti Fund, respectively. Existing investors FinSight Ventures, Florida Funders and Aliya Capital Partners also invested in the round. Fuel Venture Capital Founding Partner Jeff Ransdell also praised the connection to the consumer through gaming and media offerings.

Betr Gaming offers micro betting, allowing users to bet on individual plays during sports contests. Betr Gaming is live in Ohio and Massachusetts, with plans to launch in Virginia soon. The company has access rights to Indiana and other markets the company said will be announced soon. Betr recently acquired the Chameleon platform from FansUnite OTC: FUNFF , which the company said will lead to new bet types and sports offerings.

In its first 10 months, Betr Media has over 1. The media segment has over 1. The Betr Media unit continues to be focused on original and short-form content with a target of reaching key demographics.

The new funding round is expected to help the company continue to monetize users with Betr Gaming and invest in content creators for Betr Media to increase brand awareness. C-Suite Startups.

Chris Katje.