Wager market creation and management
US10223871B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Aug 27, 2014 |
| Grant date | Mar 5, 2019 |
| Priority date | — |
| Expiry date | Aug 27, 2034 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG07F17/3244
- WIPO fieldControl
- WIPO sectorInstruments
Abstract
Methods and systems are provided herewith for creating and managing wagers on possible states or outcomes within a live event, such as outcomes of at-bats, innings, and other subparts of a sporting event or other event. An initial state and multiple possible future states of a performance parameter of the event may be determined based on state information of the event. A betting market may be created based on probabilities and odds determined for the possible future states. The betting market may be closed at a time after bets are received and before an end of an initial state. A payout may be made to a winner who selected the correct outcome of the performance parameter.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.