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US 8,262,465 B2Granted
Products and processes for a point exchange
AssigneeCfph, LLC
InventorHoward W. Lutnick
Life of this patent
Estimating the term…
Abstract
Methods of tracking points among participants in various wagers. An indication of a wager may be received, including point distributions, participants, an event, etc. An indication of an outcome of the wager may be received. Points may be allocated among participants in accordance with a desired point distribution based on the outcome of the wager. An indication of a point adjustment may be received, and points may be adjusted accordingly. The point adjustment may be associated with an external exchange between participants in a wager. Other embodiments are disclosed.
Claims23
A method comprising:
- receiving, by a processor, a plurality of indications, each respective indication of the plurality of indications indicating a respective wager of a plurality of wagers, each respective wager including a respective event, a respective amount of points wagered, and at least one respective participant;
- based, at least in part, on outcomes of the respective events, determining, by the processor, a distribution of points among participants of the plurality of wagers;
- receiving, by the processor, at least one indication of a point adjustment, wherein the at least one indication of a point adjustment is not related to the wager, and wherein the at least one indication of a point adjustment is not related to the event;
- and
- adjusting, by the processor, points allocated to at least one participant of the plurality of wagers based, at least in part, on:
- the distribution of points among participants of the plurality of wagers, and the point adjustment.
3 more elements
An apparatus comprising:
- at least one non-transitory machine readable medium, the at least one non-transitory machine readable medium having stored thereon a plurality of machine instructions, the plurality of machine instructions, when executed by at least one computer system, together being able to direct the at least one computer system to:
- receive a plurality of indications, each respective indication of the plurality of indications indicating a respective wager of a plurality of wagers, each respective wager including a respective event, a respective amount of points wagered, and at least one respective participant;
- based, at least in part, on outcomes of the respective events, determine a distribution of points among participants of the plurality of wagers;
- receive at least one indication of a point adjustment, wherein the at least one indication of a point adjustment is not related to the wager, and wherein the at least one indication of a point adjustment is not related to the event;
- and
- adjust points allocated to at least one participant of the plurality of wagers based, at least in part, on:
- the distribution of points among participants of the plurality of wagers, and the point adjustment.
4 more elements
Dependencies are inferred from the claim text.