Betting exchange system
US7690991B2 · kind B2 · utility
Assignee
Inventor
Key dates
| Filing date | Mar 15, 2001 |
| Grant date | Apr 6, 2010 |
| Priority date | — |
| Expiry date | Feb 10, 2023 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG07F17/3288
- WIPO fieldControl
- WIPO sectorInstruments
Abstract
A betting exchange system receiving a plurality of bet requests backing a given outcome, each backing bet request specifying a price and a size at which an originator of the request is prepared to bet that the given outcome will occur. The betting exchange system receiving a plurality of bet requests laying the given outcome, each laying bet request specifying a price and a size at which an originator of the request is prepared to bet that the given outcome will not occur. The betting exchange system aggregating backing bet requests specifying the same price, aggregating laying bet requests specifying the same price, automatically matching a received backing bet request with individual or aggregated laying bet requests to complete a betting transaction, and automatically matching a received laying bet request with individual or aggregated backing bet requests to complete a betting transaction.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.