Business venture

“I refused 40 million dollars for that”

Social media star Jake Paul finally revealed his “big announcement” this week.

The news comes just a week after his multimillion-dollar fight with Hasim Rahman Jr at Madison Square Garden on August 6 was called off due to Rahman’s difficulty reaching the 200-pound weight limit.

Although a back-and-forth between Paul’s former rival KSI sparked the possibility of the long-awaited clash shortly after his canceled bout. Time is running out to find an opponent, however, Jake Paul hasn’t let that stop him from making the money.

Jake Paul and Joey Levy Launch $50M ‘Sports Media Content Factory’, BETR

Jake Paul and his co-founder Joey Levy were the main investors in the Miami-based company.

With the launch, Paul will now host his own show called “BS with Jake Paul.” He will be joined by the distinct faces of: Stephen A. Smith, Pat McAfee, Skip Bayless and finally Shannon Sharpe.

The show “The Problem Child’s” is part of his “Sports Media Content Factory” under “BETR”. The app will aim to produce new content, as well as focus on its direct-to-consumer sports book which focuses on live, real-time micro betting.

In a recent postJake Paul claims he even turned down a $40 million offer from “one of those crypto betting companies,” so he could continue his investment with BETR.

“I wasn’t into sports betting until I was introduced to micro betting,” said Paul.

“Micro betting is the TikTok-ification of sports betting and I’m excited to bring it to the masses through Betr. We’re here for the long haul and focused on doing things the right way.

“We license on a state-by-state basis, adhering to each state’s regulatory framework while advocating for strong consumer protections and responsible gaming. We want to be the category-defining consumer company in sports betting and sports media by the end of the decade and are confident that we will achieve this goal. (Transcribed by MMAMania.com)

What do you think of Jake Paul’s latest investment?