Ohio sportsbook investor Jake Paul could face some licensing problems after a run-in with the U.S. Securities and Exchange Commission.
Paul, a social media star and professional boxer, was granted a provisional license in Ohio as a “key sports gaming employee” for Betr, an online sports book he co-founded.
This week, Paul agreed to pay $101,887 to settle the SEC’s charge that he violated securities laws by promoting a cryptocurrency investment on Twitter in 2021 without disclosing that he was paid to do so.
Ohio Casino Control Commission spokeswoman Jessica Franks said the settlement will be among the factors considered when the commission decides whether to finalize Paul’s three-year license in the next few months.
