Wager market creation and management
AssigneeCg Technology Development, LLC
InventorsAnthony Storm, Foster Barton, Andrew Garrood, Thomas Bradshaw
Life of this patent
Estimating the term…
Loading patent…
AssigneeCg Technology Development, LLC
InventorsAnthony Storm, Foster Barton, Andrew Garrood, Thomas Bradshaw
Estimating the term…
Methods and systems for managing a wagering system may receive a stream of state information of a live sporting event in real time and determine initial and possible future states of a first performance parameter of the event based on the stream. After a beginning of the game and before the start of the event, a probability of occurrence is calculated for possible future states of the first performance parameter, based on historical data. During an initial state of the first performance parameter, a signal operative to open a first market for betting on the possible future states based on the probability of occurrence is transmitted. Before an end of the initial state, a signal operative to close the first market is transmitted, and then an outcome of the first performance parameter is determined based on the stream. Payouts of the first market are resolved based on the outcome.
(canceled)
A method comprising:
A server comprising:
A non-transitory machine-readable medium configured to store instructions which, when executed by at least one processor, control:
Dependencies are inferred from the claim text.