Straightforward Jake Paul Skilfully Navigates Investigation During Betr's Massachusetts Business Examination
Betr, a digital sports betting platform, is currently in the application process in several states, including Ohio, Maryland, Virginia, and Indiana. In Massachusetts, the company has secured the necessary market access and has applied for a stand-alone mobile license.
During the review process, Jake Paul, co-founder of Betr, was questioned about multiple controversial media reports and a visit from the FBI to his home. However, commissioners appeared satisfied with Paul's answers, transparency, and willingness to field questions about his character.
Betr's application is one of six digital sports betting entities applying for a license in Massachusetts. The six applicants are partners with the three existing casinos (Encore Boston Harbor, MGM Springfield, and Plainridge Park Casino), each casino having up to two partners.
The Massachusetts Gaming Commission (MGC) regulates the licensing, and those approved receive five-year licenses with a $5 million fee. So far, the commission has reviewed applications from Bally's, FanDuel, and DraftKings, with Digital Gaming, PointsBet, and the Fanatics application (for tethered operators) still to come.
Betr's focus is on microbetting, a version of in-play wagering. The platform only accepts wagers on baseball, basketball, and football, without taking prop bets on college sports. If licensed, Betr executives have promised to add a feature for phone customer service.
The MGC aims to complete the reviews by early next week and announce initial approvals. As of the latest information, seven sports betting operators currently offer legal mobile sportsbooks in Massachusetts, including well-known brands such as FanDuel, Fanatics, BetMGM, DraftKings, and Caesars.
Commissioner Eileen O'Brien highlighted unique aspects of Betr's application but also raised concerns about suitability. The commission is aiming for an early March mobile launch and has set Jan. 31 as the go-live date for the state's three brick-and-mortar sportsbooks.
For the most up-to-date confirmation of exactly which entities have been approved, visitors are advised to check the MGC website.
- Jake Paul, co-founder of Betr, faced questions about controversial media reports and a visit from the FBI during the application process in Massachusetts.
- Commissioners expressed satisfaction with Paul's answers, transparency, and willingness to discuss his character during the review process.
- Betr is one of six digital sports betting entities seeking a license in Massachusetts, with each casino having up to two partners.
- The Massachusetts Gaming Commission (MGC) regulates the licensing of sports betting platforms and issues five-year licenses with a $5 million fee.
- So far, the commission has reviewed applications from Bally's, FanDuel, and DraftKings, with Digital Gaming, PointsBet, and the Fanatics application (for tethered operators) still to come.
- Betr's focus is on microbetting, offering in-play wagers on baseball, basketball, and football, but not taking prop bets on college sports.
- If licensed, Betr executives have promised to add a feature for phone customer service on the platform.
- The MGC aims to complete the reviews by early next week and announce initial approvals, with seven sports betting operators currently offering legal mobile sportsbooks in Massachusetts.
- Commissioner Eileen O'Brien highlighted unique aspects of Betr's application while also raising concerns about suitability.
- The MGC is aiming for an early March mobile launch and has set Jan. 31 as the go-live date for the state's three brick-and-mortar sportsbooks.
- For the most up-to-date confirmation of exactly which entities have been approved, visitors are advised to check the MGC website, providing them with the latest information on sports betting, finance, business, politics, and general news in the industry, including responsible gambling trends, casino-and-gambling news, casino-games updates, casino-personalities, and policy-and-legislation updates.
