US 2011/0256922 A1Published application

System and method for wagering based on the movement of financial markets

OwnerLee M. AMAITIS, Joseph M. Asherinventors

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Abstract

A system for wagering comprises a memory and a processor. The memory stores a bet regarding a plurality of outcomes associated with financial market indicators. The bet comprises a first bet component indicating whether a value of a first financial market indicator will go up or go down in a first predetermined period of time, and a second bet component indicating whether a value of a second financial market indicator will go up or go down in a second predetermined period of time. The processor is coupled to the memory and is operable to determine an outcome of the first bet component, the second bet component, and the overall bet.

Claims22

Dependent claims

A method for wagering, comprising:

receiving a bet regarding a plurality of outcomes associated with financial market indicators, the bet comprising:
a first bet component indicating whether a value of a first financial market indicator will be up or down at an end of a first predetermined period of time as compared to the value of the first financial market indicator at a beginning of the first predetermined period of time;
and
a second bet component indicating whether a value of a second financial market indicator will be up or down at an end of a second predetermined period of time as compared to the value of the second financial market indicator at a beginning of the second predetermined period of time;
determining by a computing system an outcome of the first bet component based at least in part upon whether the value of the first financial market indicator is up or is down at the end of the first predetermined period of time;
determining by the computing system an outcome of the second bet component based at least in part upon whether the value of the second financial market indicator is up or is down at the end of the second predetermined period of time;
and
determining by the computing system an outcome of the bet based at least in part upon the outcome of the first bet component and the outcome of the second bet component.

5 more elements

Dependencies are inferred from the claim text.

Facts

Application: 13/158,583Filed 13 Jun 2011
Priority: 2 Apr 2003
Published: 20 Oct 2011
Term ends: Not estimatedThe source records don’t support an estimate.

Classification10 codes

G07F 17/32
Coin-freed apparatus for hiring articles; Coin-freed facilities or services: for games, toys, sports, or amusements
G06Q 40/00
Finance
G06Q 40/02
Finance; Insurance; Tax strategies; Processing of corporate or income taxes: banking, e.g. interest calculation or account maintenance
G06Q 40/03
Finance; Insurance; Tax strategies; Processing of corporate or income taxes: credit; Loans; Processing thereof

Family

Application60/459,692Us provisional application · filed 2 Apr 2003
Application60/460,540Us provisional application · filed 4 Apr 2003
Application60/460,537Us provisional application · filed 4 Apr 2003
Application10/654,280Continuation in part · filed 3 Sep 2003
Application10/836,999Continuation · filed 29 Apr 2004
Application13/158,583Continuation
Application10/836,999Continuation in part
US 2004/0210507 A1Published application
US 2005/0027643 A1Published application
US 7,233,922 B2Related patent
US 7,962,400 B2Related patent
US 2011/0256922 A1This patent

From the US filing history. Foreign family members aren’t listed.

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