Jake Paul manages to raise $50 million for a business in fantasy sports.

Paul founded Betr with seasoned sports betting professional Joey Levy.

In a statement describing the project, Paul identified himself as the company's president.

Jake Paul, a boxer, YouTube celebrity, and collector of rare Pokémon cards, has raised more than $50 million for a Miami-based sports betting business.

Betr emphasizes on betting for specific events, such as pitches during baseball games, as opposed to betting on the games.