Betr, the daily fantasy site co-owned by Joey Levy and influencer Jake Paul, has acquired approval to operate as a prediction market broker by purchasing Chicago-based introducing broker ACM Futures. The acquisition, dated 14 May in National Futures Association filings, grants Betr registration with the NFA and Commodity Futures Trading Commission. Betr is the second sports betting or fantasy sports company to bypass the lengthy NFA approval process through acquisition, following Fanatics' purchase of Paragon Global Markets in August. Betr's initial application, submitted in October, had shown no progress for seven months. The company plans to offer Polymarket US' contracts through its super app, making prediction markets on sports, politics and culture available to one million users. ACM Futures has operated as a registered introducing broker since 2011.

Jake Paul is one of the most influential creators of the digital era, with over 70M+ followers across platforms. He transitioned from YouTube stardom to become one of the biggest pay-per-view draws in boxing history with fights against Mike Tyson and Anthony Joshua. Jake is also Co-Founder of Anti Fund, where he has made investments in Ramp, Anduril, Cognition and Olipop to name a few. Geoffrey Woo is a Co-Founder and Managing Partner at Anti Fund. He previously built his career at Goldman Sachs and Point72. He is at the forefront of a new model of investing—where distribution is as powerful as capital. ----------------------------------------------- Timestamps: 00:00 Intro 01:20 Overview of the Jake Paul Business Empire 03:13 Why Start a $30M Fund When Boxing Makes $100M+? 05:42 What Jake Actually Brings to Venture Beyond Distribution 10:35 What the Fund Sells to Founders & Why Attention Beats Capital 16:16 How Jake Knew Boxing Would Have a Revival Before Everyone Else 18:00 The Treadmill of Relevance: How to Stay at the Top 20:48 What Other Creators Get Wrong When Moving Into Investing 22:08 How Jake Predicts Viral Videos With 85% Accuracy 25:49 Is Sport the Most Defensible Asset Class in an AI World? 29:43 Where Jake's Drive Came From 31:40 What the World Gets Wrong About Jake Paul 35:36 Would Jake Run for President? 37:00 Jake on Trump "That's My F***ing President" 44:35 How to Have a Great Relationship While Crushing It in Business 45:37 Jake on Mental Health, Ayahuasca & Managing His Mind 54:59 Boxing, Content, or Investing: Jake's Answer on What He'd Be #1 At ---------------------------------------------------------------------------------------------- Subscribe on Spotify: https://open.spotify.com/show/3j2KMcZTtgTNBKwtZBMHvl?si=85bc9196860e4466 Subscribe on Apple Podcasts: https://podcasts.apple.com/us/podcast/the-twenty-minute-vc-20vc-venture-capital-startup/id958230465 Follow Harry Stebbings on X: https://twitter.com/HarryStebbings Follow Jake Paul on X: https://twitter.com/jakepaul Follow Geoffrey Woo on X: https://twitter.com/geoffreywoo Follow 20VC on Instagram: https://www.instagram.com/20vchq Follow 20VC on TikTok: https://www.tiktok.com/@20vc_tok Visit our Website: https://www.20vc.com Subscribe to our Newsletter: https://www.thetwentyminutevc.com/contact ----------------------------------------------- #20vc #harrystebbings #jakepaul #investing

Jake Paul's Betr partners with Polymarket for prediction markets. Jake Paul's Betr has joined forces with Polymarket in a groundbreaking multi-year deal, integrating prediction markets into its 'Super App'. This collaboration allows Betr's one million users to engage in event contract trading across sports, politics and culture, alongside existing sportsbook, fantasy, casino and arcade offerings within a unified app experience. This partnership positions Betr as one of the first major US gaming companies to incorporate prediction markets directly within a comprehensive gaming app. The timing is crucial, as the prediction market and traditional sports betting industries debate whether platforms like Polymarket and Kalshi are financial markets or another form of gambling. Ismail Vali, President of Gaming Compliance International, views prediction markets as part of an 'innovator gambling' wave, exploiting regulatory grey zones, noting the decline in licensed online gaming operators in the US from 103 in 2023 to 57 last year. Vali says that these platforms "look, smell like betting" but operate under CFTC regulation as financial instruments. Joey Levy, co-founder of Betr, counters the cannibalisation narrative, seeing prediction markets as expanding the total addressable market. He emphasises Betr's strategic advantage, highlighting the app's capability to launch nationwide through prediction markets or other verticals. The partnership with Polymarket aims to enhance user engagement by integrating prediction markets into Betr's existing suite, including Betr Picks, Social Sportsbook, Arcade and Social Casino. Shayne Coplan, Polymarket Founder, adds: "Prediction markets are becoming a foundational tool for understanding the future, and scale is what brings them into the mainstream." Polymarket's ambition is to leverage Betr's extensive user base to popularise prediction markets. Joey Levy acknowledges challenges like insider trading concerns and calls for CFTC investigations, saying that these issues are part of the market's growth and stressing the importance of integrity frameworks. Betr plans to develop innovative products on top of these prediction markets, aiming for seamless user experiences and broad market adoption.