Sports betting startup cofounded by YouTube star Jake Paul raises $50M

Social media star-turned-professional boxer Jake Paul is behind a new sports betting and media company headquartered in Miami. The YouTube star partnered with sports betting entrepreneur Joey Levy to launch the startup, called Betr, on Monday. The company is creating a platform for sports micro-betting transactions, which enables fans to bet on specific moments of a sporting event – for example, whether a baseball team will score in a half-inning – rather than the final outcome of the game.…