Deals
Jake Paul’s New Fund Invests in Sports-Gambling Firm Simplebet
- YouTube personality’s firm to co-lead $30 million round
- Simplebet allows wagers on individual moments within games
Jake Paul prior to his Aug. 29 fight with Tyron Woodley, in Cleveland, Ohio, on Aug. 25.
Photographer: , Jason Miller/Getty Images
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YouTube personality-turned-boxer Jake Paul is getting into the sports-betting business with his new venture capital fund as the industry increasingly gains mainstream acceptance.
Simplebet Inc., which allows bettors to place wagers on individual moments during games, is raising $30 million in a financing round set to be announced Thursday. The investment is being led by Paul’s Anti Fund and former UFC executive Nakisa Bidarian, who now runs talent advisory firm Bavafa Sports.