System and method for wagering-based transferable financial instruments
US7693781B2 · kind B2 · utility
104Cited by
56References
42Claims
0Family size
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Key dates
| Filing date | May 8, 2007 |
| Grant date | Apr 6, 2010 |
| Priority date | — |
| Expiry date | Jun 26, 2027 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG07F17/3288
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
An apparatus for providing a financial instrument comprises a memory operable to store a plurality of predefined states wherein each of the predefined states corresponds to at least one potential outcome of a probabilistic event. The memory further stores a plurality of predefined termination criteria wherein each predefined state corresponds to at least one predefined termination criteria. The memory further stores a financial instrument that is allocated a value based at least in part upon one of the plurality of predefined states. A processor is coupled to the memory and facilitates the transfer of the financial instrument.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.