Jake Paul’s Anti Fund Leads $30 Million Investment In Micro-Betting Platform ‘Simplebet’
Jake Paul’s Anti Fund has made its next big bet.
The controversial YouTuber-turned-boxer’s nascent venture capital firm has led a $30 million round in Simplebet, a business-to-business platform that enables sports-betting operators, media companies, and technology companies to offer micro-betting -- or wagers on small moments within sporting events, like who will make the next catch.
The funds will seek to accelerate consumer adoption of micro-betting, Simplebet says, by expanding the company’s existing NFL, MLB, and NBA products. It will also bring micro-betting to additional sports and new micro-market subcategories, while financing the expansion of engineering resources and other strategic opportunities.
The round arrives after sports-betting operator DraftKings announced a multi-year pact to bring Simplebet capabilities to its platform earlier this week.
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The controversial YouTuber-turned-boxer’s nascent venture capital firm has led a $30 million round in Simplebet, a business-to-business platform that enables sports-betting operators, media companies, and technology companies to offer micro-betting -- or wagers on small moments within sporting events, like who will make the next catch.
The funds will seek to accelerate consumer adoption of micro-betting, Simplebet says, by expanding the company’s existing NFL, MLB, and NBA products. It will also bring micro-betting to additional sports and new micro-market subcategories, while financing the expansion of engineering resources and other strategic opportunities.
The round arrives after sports-betting operator DraftKings announced a multi-year pact to bring Simplebet capabilities to its platform earlier this week.
Visit Tubefilter for more great stories.
- 8/26/2021
- by Geoff Weiss
- Tubefilter.com
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