Sports betting startup Betr, backed by social media star Jake Paul, has hired Miami Marlins general counsel Ashwin Krishnan as its general counsel.
Krishnan, who has worked with the Marlins since 2010, left in 2017 after the franchise was sold to a group of investors led by venture capitalist Bruce Sherman and former New York Yankees star Derek Jeter for $1.2 billion. became a legal advisor to Marlins in February.
Krishnan switched to Betr after the microbetting firm announced a $50 million Series A funding round led by Aliya Capital Partners, Florida Funders and Fuel Venture Capital. A spokesperson for Betr said he started on his August 1st.
Betr presents the latest sports betting effort by YouTube personality Paul. Paul’s venture his fund led another $30 million in funding by Simplebet Inc. last year. Covington & Burling’s team of attorneys advised Betr on the latest funding round.
Paul, a gaming industry veteran who backs Betr with Simplebet co-founder Joey Levy, told TMZ Sports that the startup could one day become a “billion dollar company.” rice field.
Celebrities such as rapper Travis Scott and former National Football League players Dez Bryant and Richard Sherman have also invested in Bettle, Bloomberg reported.
Formerly known as InstaBet, the Miami-based company consists of a media division and a betting division. Gaming components allow users to place real-time bets on individual moments rather than on the final outcome of a sports game. Betr’s investors include Roger Ehrenberg, co-owner of Major League Baseball’s Marlins.
The company earlier this month announced a betting partnership with Hall of Fame Resorts & Entertainment, Inc., an entertainment, media and real estate company affiliated with the Pro Football Hall of Fame in Canton, Ohio.
Marlins chairman Caroline O’Connor said in an email that the club now has a “strong internal team” led by associate counsel Benjamin Rush.
“We will continue to evaluate this division over the next few months,” she said.
A former NFL law clerk, Rush joined the Marlins in October after working as an associate at Cahill, Gordon & Reindell in New York.
The Marlins have also hired staff counsel Amanda Bethel. Amanda Bethel is now a provider of stadium services to Legends. She serves as Director of Business and Legal at Hospitality Management LLC. accepted.