US 2022/0188672 A1 · SYSTEMS AND METHODS FOR AUTOMATIC EVENT OUTCOME PREDICTION, CONFIRMATION, AND VALIDATION USING MACHINE LEARNING

Abstract

Systems and methods for event outcome validation are provided. The system receives a user input indicative of an event and at least one anticipated outcome of the event to be wagered on by the user. The system receives confirmation data associated with an outcome of the event from at least one confirmation data source confirming the outcome of the event and classifies the confirmation data utilizing at least one machine learning algorithm. The system determines a threshold of confirmation data sources to validate the outcome of the event and utilizes the at least one machine learning algorithm to determine a reduced threshold of confirmation data sources to validate the outcome of the event based on at least one of the classified confirmation data and a confirmation rating of the at least one confirmation data source. The system validates the outcome of the event based on the reduced threshold.

Claims41

Dependent claims

A system for event outcome validation comprising:

a memory;
and
a processor in communication with the memory, the processor:
receiving a user input indicative of an event and at least one anticipated outcome of the event to be wagered on by the user,
receiving confirmation data associated with an outcome of the event from at least one confirmation data source confirming the outcome of the event,
classifying the confirmation data utilizing at least one machine learning algorithm to determine an accuracy of the confirmation data,
determining a threshold of confirmation data sources to validate the outcome of the event,
utilizing the at least one machine learning algorithm to determine a reduced threshold of confirmation data sources to validate the outcome of the event based on at least one of the classified confirmation data and a confirmation rating of the at least one confirmation data source, the confirmation rating being indicative of a historical accuracy of confirmation data received from the at least one confirmation data source, and
validating the outcome of the event based on the reduced threshold.

6 more elements

A method for event outcome validation, comprising the steps of:

receiving a user input indicative of an event and at least one anticipated outcome of the event to be wagered on by the user,
receiving confirmation data associated with at least one outcome of the event from at least one confirmation data source confirming the outcome of the event,
classifying the confirmation data utilizing at least one machine learning algorithm to determine an accuracy of the confirmation data,
determining a threshold of confirmation data sources to validate the outcome of the event,
utilizing the at least one machine learning algorithm to determine a reduced threshold of confirmation data sources to validate the outcome of the event based on at least one of the classified confirmation data and a confirmation rating of the at least one confirmation data source, the confirmation rating being indicative of a historical accuracy of confirmation data received from the at least one confirmation data source, and
validating the outcome of the event based on the reduced threshold.

3 more elements

Dependencies are inferred from the claim text.

Systems and methods for automatic event outcome prediction, confirmation, and validation using machine learning

Life of this patent

Systems and methods for automatic event outcome prediction, confirmation, and validation using machine learning

Life of this patent

Abstract

Claims41