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Mike Tyson vs. Jake Paul: YouTuber bets purse with Katie Taylor

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Katie Taylor, Jake Paul bet entire purses on Tyson-Paul result (0:59)

Katie Taylor makes a bet with Jake Paul that he will lose to Mike Tyson. (0:59)

Jake Paul has bet his entire purse with Katie Taylor that he will defeat Mike Tyson in their blockbuster showdown on Friday that will be streamed live on Netflix.

The Tyson-Paul main card, which will take place at the AT&T Stadium, also includes a bout between Katie Taylor and Amanda Serrano, in a 10-rounder for the undisputed junior welterweight championship.

In the final news conference for the card on Wednesday night, Paul approached Taylor and asked: "How much do you want to bet? [on Paul losing]"

"Do you want to bet your purse?" Taylor replied after slight hesitation.

"Yeah, let's bet the purse. Deal," Paul said and shook Taylor's hand.

The fight will be contested over eight two-minute rounds, with 14-ounce gloves and sanctioned as a professional bout by the Texas Department of Licensing and Regulations.