Products and processes for processing information related to weather and other events

• US 10,074,244 B2
• Filed: 10/21/2013
• Issued: 09/11/2018
• Est. Priority Date: 09/28/2006
• Status: Active Grant

• Current Assignee: CFPH LLC (Cantor Fitzgerald, L.P.)
• Original Assignee: CFPH LLC (Cantor Fitzgerald, L.P.)
• Inventors: Lutnick, Howard W.
• Primary Examiner(s): D'Agostino, Paul A
• Application Number:
  US14/058,446
• Publication Number:
  US 20140179414A1
• Time in Patent Office: 1,786 Days
• Field of Search: None
• CPC Class Codes: A63F 3/0434 Geographical games travelling A63F3/00088
• CPC Class Codes: G06Q 10/04 Forecasting or optimisation specially adapted for administrative or management purposes, e.g. linear programming or "cutting stock problem" market predictions or forecasting for commercial activities G06Q30/0202
• CPC Class Codes: G06Q 50/34 Betting or bookmaking, e.g. Internet betting
• CPC Class Codes: G07F 17/32 for games, toys, sports, or amusements
• CPC Class Codes: G07F 17/3255 Incentive, loyalty and/or promotion schemes, e.g. comps, gaming associated with a purchase, gaming funded by advertisements
• CPC Class Codes: G07F 17/3288 Betting, e.g. on live events, bookmaking

Abstract

According to an embodiment, a method includes receiving a plurality of bets, in which each bet defines a respective amounted wagered, a respective area, and a respective weather-related event. Data that represents the plurality of bets is displayed. An outcome of a weather-related event is determined and at least one winner is determined based on the bets and the outcome.

Claims

1. A method comprising:

displaying, by at least one processor, a geographic map on a graphical user interface;

displaying, by the at least one processor, a plurality of indicators across various areas on the geographic map, each indicator representing a bet that a weather related event will occur on a respective area of the geographic map at a future time;

detecting, by the at least one processor, a selection of a first area on the geographic map displayed on the graphical user interface;

in response to detecting selection of the first area, receiving, by the at least one processor, a first bet defining a first wager that a given weather related event will occur on the first area selected on the graphical user interface;

detecting, by the at least one processor, a selection of a second area on the geographic map displayed on the graphical user interface;

in response to detecting selection of the second area, receiving, by the at least one processor, a second bet defining a second wager that the given weather related event will occur on the second area selected on the graphical user interface; and

determining, by the at least one processor, whether the first bet or the second bet is a winning bet based on whether the given weather related event occurred in the first area or the second area during a time period.

2. The method of claim 1, wherein determining whether the first bet or the second bet is a winning bet comprises receiving, by the at least one processor, information from a weather service over a network, the information specifying whether the given weather related event occurred in the first area or the second area.

3. The method of claim 2, further comprising determining, by the at least one processor, whether the first bet or the second bet is a winning bet based on the information from the weather service.

4. The method of claim 1, further comprising storing, by the at least one processor, data indicative of a first pool of bets corresponding to the first area and a second pool of bets corresponding to the second area.

5. The method of claim 4, further comprising causing, by the at least one processor, at least a portion of a first amount wagered in the first bet to be pooled in the first pool of bets.

6. The method of claim 4, further comprising causing, by the at least one processor, at least a portion of a second amount wagered in the second bet to be pooled in the second pool of bets.

7. The method of claim 6, further comprising causing, by the at least one processor, a payout to be paid to the first pool of bets or the second pool of bets, in response to determining that the first bet or the second bet is a winning bet.

8. The method of claim 1, further comprising displaying, by the at least one processor, text indicative of opinions or recommendations regarding bets on areas of the geographic map.

9. An apparatus comprising:

a memory;

a network interface;

at least one processor to;

display a geographic map on a graphical user interface;

display a plurality of indicators across various areas on the geographic map, each indicator representing a bet that a weather related event will occur on a respective area of the geographic map at a future time;

detect a selection of a first area on the geographic map displayed on the graphical user interface;

in response to detecting selection of the first area, receive a first bet defining a first wager that a given weather related event will occur on the first area selected on the graphical user interface;

detect a selection of a second area on the geographic map displayed on the graphical user interface;

in response to detecting selection of the second area, receive a second bet defining a second wager that the given weather related event will occur on the second area selected on the graphical user interface; and

determine whether the first bet or the second bet is a winning bet based on whether the given weather related event occurred in the first area or the second area during a time period.

10. The apparatus of claim 9, wherein the at least one processor is further configured to receive information from a weather service via the network interface, the information specifying whether the given weather related event occurred in the first area or the second area, to determine whether the first bet or the second bet is the winning bet.

11. The apparatus of claim 10, wherein the at least one processor is further configured to determine whether the first bet or the second bet is a winning bet based on the information from the weather service.

12. The apparatus of claim 9, wherein the at least one processor is further configured to store data indicative of a first pool of bets corresponding to the first area and a second pool of bets corresponding to the second area.

13. The apparatus of claim 12, wherein the at least one processor is further configured to cause at least a portion of a first amount wagered in the first bet to be pooled in the first pool of bets.

14. The apparatus of claim 12, wherein the at least one processor is further configured to cause at least a portion of a second amount wagered in the second bet to be pooled in the second pool of bets.

15. The apparatus of claim 12 wherein the at least one processor is further configured to cause a payout to be paid to the first pool of bets or the second pool of bets, in response to determining that the first bet or the second bet is a winning bet.

16. The apparatus of claim 9, wherein the at least one processor is further configured to display text indicative of opinions or recommendations regarding bets on areas of the geographic map.