Social media star Jake Paul and sports betting entrepreneur Joey Levy were behind Betr’s conception, which they have dubbed “the future of sports betting.”
Paul has said Betr is striving for the “TikTok-ification” of wagering, though it is only offering a free-to-play experience right now, pending licensure for real-money betting in select US jurisdictions.
But until then, this new partnership with Prizeout will allow customers to withdraw their winnings in the form of digital gift cards.
It has become “the only method of withdrawals within the Betr app for free-to-play winnings,” Prizeout said, and going forward, will be included as a withdrawal option for “future real-money betting experiences.”
“We are excited to see the launch of the Prizeout and Betr collaboration,” said David Metz, Prizeout Founder and CEO.
“Their innovative platform is the perfect match for our technology, with both parties working together to deliver a unique betting experience that aims to give users more for their money.”
Once a withdrawal has been approved, gift cards are delivered instantly and cost the customer no transaction fees. Prizeout has relationships with over 1,000 national and local merchants.
Alex Ursa, Head of Product at Betr, added: “Betr users will now be able to stretch their winnings further to get real benefit towards their brands of choice.
“Our partnership with Prizeout will give our users another way to win, and we look forward to taking this next step with them.”