Wagering on event outcomes during the event
US12211346B2 · kind B2 · utility
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21Claims
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Key dates
| Filing date | Aug 8, 2022 |
| Grant date | Jan 28, 2025 |
| Priority date | — |
| Expiry date | Aug 16, 2042 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG07F17/3293
- WIPO fieldControl
- WIPO sectorInstruments
Abstract
Methods and systems are provided for managing a wagering system. In one exemplary embodiment, state information of a live event such as a sports game may be received in real time. During the event, a plurality of possible future states of the event and their associated probabilities (and odds) may be determined based on the state information, historical information, and current in-game information. A betting market is created for betting on the possible future states at determined odds. The betting market is closed and winning and losing bets are resolved based on updated state information.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.