The Lasry betting website Lasry.com says the Lasry basketball betting website has raised a record amount of money, making it the first-ever sportsbook to go public on the internet.
According to the Lasrys website, the company raised $200 million in total from investors including the UK-based venture capital firm Sequoia Capital, a Chinese investment group and venture capital company led by Alibaba Group Holding Ltd (ACL).
The company says the amount is in line with the valuation it achieved last year.
LaserSports is a new betting platform on which bettors can make bets on Lasry, which has a sportsbook model that allows people to make bets in real time.
Lasry sportsbooks will not accept credit card bets on their website, and bets will be limited to $1,000, Lasry has said.
Lasersports is expected to launch in 2017 and aims to be the first sportsbook in the world to accept bitcoin as a form of payment.
The company said that over 100,000 bets have been placed on Lasrcy since the launch of its site in May.
Lasrchy has raised about $200,000 in seed funding from Sequoias Ventures and several other investors, Lasrhy said.
The Lasrry site has raised $250 million in seed money from Sequoin Ventures, Sequoio Ventures and other investors.