System and method for wagering based on the movement of financial markets
AssigneeCantor Index, LLC
InventorsLee M. Amaitis, Joseph M. Asher
Life of this patent
Estimating the term…
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.
Claims15
(canceled)
A method comprising:
- receiving, via an electronic communications network, by at least one computer processor, an electronic message comprising data indicative of a bet comprising a first component and a second component, the first component indicating a first wager on a value of a first financial market indicator after a first period of time expires and a second component indicating a second wager on a value of a second financial market indicator after a second period of time expires;
- generating, by the at least one computer processor, an association in a memory between the first financial market indicator and a first financial instrument number and the second financial market indicator and a second financial instrument number;
- monitoring, by the at least one computer processor, real-time updates of the first financial market indicator and the second financial market indicator;
- broadcasting, by the at least one processor, indicia indicating a value of at least one of the first financial market indicator and the second financial market indicator;
- receiving, by the at least one computer processor, an electronic instruction comprising a request to transfer the bet;
- and
- responsive to the request, transferring, by the at least one processor, the data indicative of the bet from a first electronically stored account to a second electronically stored account.
An apparatus comprising:
- a network interface to communicate with remote computers via an electronic communications network;
- a memory;
- at least one processor to:
- receive, via the network interface an electronic message, the electronic message comprising data indicative of a bet with a first component and a second component, the first component indicating a first wager on a value of a first financial market indicator after a first period of time expires, the second component comprising a wager on a value of a second financial market indicator when a second period of time expires;
- generate an association in the memory between the first financial market indicator and a first financial instrument number and the second financial market indicator and a second financial instrument number;
- monitor real-time updates of the first financial market indicator and the second financial market indicator;
- broadcast indicia indicating a value of at least one of the first financial market indicator and the second financial market indicator;
- receive from the remote computer, via the network interface, an electronic instruction comprising a request to transfer the bet;
- and
- responsive to the request, transfer, by the at least one processor, the data indicative of the bet from a first electronically stored account to a second electronically stored account.
Dependencies are inferred from the claim text.