![]() “Right now, the way these get resolved is through a Cash App payment or a Venmo payment on Monday, and surely we can do better.”Ĭasual wagers will be made easier with this mobile sportsbook application. “It’s about productizing what already goes down in everyone’s group chat, which is wagers between friends about sporting outcomes,” said Ohanian. The fact that this platform differs from many others only makes it that much more appealing to the sports wagering community as well as investors like Ohanian. Regulated sports betting is in more states now than not, putting businesses like Wagr in higher demand. By all indications, Wagr sounds very much like a Facebook outlet with the addition of gambling on sporting events as it plans to offer sports betting among friends. Ohanian has put in $4 million of his own money to fund the startup sports gaming application known as Wagr. SAN FRANCISCO – Sports betting is becoming so mainstream that Reddit Inc, co-founder Alexis Ohanian has decided to invest in a budding sportsbook enterprise. The sportsbook already has licensing applications pending in Tennessee and Virginia.Wagr will allow sports betting to be done among friends through its application.Alexis Ohanian, the co-founder of Reddit, has invested $4 million in a new sportsbook platform called Wagr.
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