Real-time interactive wagering on event outcomes

• US 10,475,278 B2
• Filed: 06/30/2014
• Issued: 11/12/2019
• Est. Priority Date: 05/01/2000
• Status: Expired due to Term

• Current Assignee: Interactive Games LLC (Cantor Fitzgerald, L.P.)
• Original Assignee: Interactive Games LLC (Cantor Fitzgerald, L.P.)
• Inventors: Ginsberg, Philip M., Lutnick, Howard W., Gilbert, Andrew C., Findlay, Lewis
• Primary Examiner(s): Coburn, Corbett B
• Application Number:
  US14/318,983
• Publication Number:
  US 20140315626A1
• Time in Patent Office: 1,961 Days
• CPC Class Codes: A63F 3/081 electric
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof
• 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 17/3227 Configuring a gaming machine, e.g. downloading personal settings, selecting working parameters
• CPC Class Codes: G07F 17/323 wherein the player is informed, e.g. advertisements, odds, instructions
• CPC Class Codes: G07F 17/3241 Security aspects of a gaming system, e.g. detecting cheating, device integrity, surveillance computer security G06F21/00
• CPC Class Codes: G07F 17/3244 Payment aspects of a gaming system, e.g. payment schemes, setting payout ratio, bonus or consolation prizes
• CPC Class Codes: G07F 17/3251 involving media of variable value, e.g. programmable cards, programmable tokens
• CPC Class Codes: G07F 17/3288 Betting, e.g. on live events, bookmaking

Abstract

Embodiments include opening a gaming account of a user. Embodiments include establishing an amount of consideration in the gaming account of the user. Embodiments include, after opening the gaming account and establishing the amount of consideration, authorizing the user to access the gaming account from a computing device by verifying credentials of the user received from the computing device. Embodiments include receiving a first request from the user to enter into a game. Embodiments include receiving a second request from another user to enter into an opposite side of the game. Embodiments include matching, by the computer system, the first request and the second request. Embodiments include forming one obligation with a gaming operator to pay the user for winning the game with the user and forming one other obligation with the gaming operator to pay the second user for winning the game with the other user.

Claims

1. A method comprising:

receiving, by at least one processor, a request from a first remote mobile device to generate a wagering account, the at least one processor receiving the request via a communications network;

generating, by the at least one processor, data indicative of an amount of consideration in the wagering account;

generating, by the at least one processor, a limit on wagering activity in the wagering account, in which the limit includes at least one of a loss of an amount of consideration, a loss of an amount of consideration over a time period, a loss of a percentage of total consideration in the wagering account, and a loss of a percentage of total consideration in the wagering account over a time period;

receiving, by the at least one processor, a plurality of real-time electronic data feeds from a plurality of remote data sources via the network, the plurality of real-time electronic data feeds comprising real-time wager prices;

synchronizing, by the at least one processor, the real-time wager prices from the plurality of real-time electronic data feeds;

transmitting, by the at least one processor, to the first remote mobile device information indicative of a set of games and synchronized real-time wager prices;

receiving, by the at least one processor, information indicative of a first offer to enter into a wager on a game from the first remote mobile device;

receiving, by the at least one processor, information indicative of a second offer to enter into an opposite side of the wager on the game from a second remote mobile device; and

matching, by the at least one processor, the first offer and the second offer.

2. The method of claim 1, comprising:

selecting, by the at least one processor, the set of games based on historical games transmitted to the first remote mobile device.

3. The method of claim 1, further comprising selecting, by the at least one processor, the set of games based on a preference received from the first remote mobile device.

4. The method of claim 1, further comprising:

receiving, by the at least one processor, from the first remote mobile device a request to adjust a display based on a user defined customization; and

in response to receiving the request, transmitting, by the at least one processor, data indicative of display settings to the first remote mobile device.

5. The method of claim 4, further comprising:

transmitting, by the at least one processor, adjusted display settings to the first remote device.

6. The method of claim 1, comprising:

receiving, by the at least one processor, updated real-time wager prices from the plurality of real-time electronic data feeds via the network;

synchronizing, by the at least one processor, the updated real-time wager prices; and

transmitting, by the at least one processor, a synchronized updated real-time wager price to the first remote mobile device and the second remote mobile device.

7. An apparatus comprising:

a network interface to communicate over a network with a plurality of remote mobile devices and a plurality of remote data sources;

at least one processor to;

receive a request from a first remote mobile device via the network interface to generate a wagering account;

generate data indicative of an amount of consideration in the wagering account;

generate a limit on wagering activity in the wagering account, in which the limit includes at least one of a loss of an amount of consideration, a loss of an amount of consideration over a time period, a loss of a percentage of total consideration in the wagering account, and a loss of a percentage of total consideration in the wagering account over a time period;

receive a plurality of real-time electronic data feeds from the plurality of remote data sources via the network interface, the plurality of real-time electronic data feeds comprising real-time wager prices;

synchronize the real-time wager prices from the plurality of real-time electronic data feeds;

transmit, via the network interface, to the first remote mobile device information indicative of a set of games and synchronized real-time wager prices;

receive, via the network interface, information indicative of a first offer to enter into a wager on a game from the first remote mobile device;

receive, via the network, interface information indicative of a second offer to enter into an opposite side of the wager on the game from a second remote mobile device; and

match the first offer and the second offer.

8. The apparatus of claim 7, wherein the at least one processor is further configured to select the set of games based on historical games transmitted to the first remote mobile device.

9. The apparatus of claim 7, wherein the at least one processor is further configured to select the set of games based on a preference received from the first remote mobile device.

10. The apparatus of claim 7, wherein the at least one processor is further configured to receive from the first remote mobile device a request to adjust a display based on a user defined customization;

and in response to receiving the request, transmit data indicative of display settings to the first remote mobile device.

11. The apparatus of claim 10, wherein the at least one processor is further configured to transmit adjusted display settings to the first remote device.

12. The apparatus of claim 7, wherein the at least one processor is further configured to:

receive updated real-time wager prices from the plurality of real-time electronic data feeds via the network;

synchronize the updated real-time wager prices; and

transmit a synchronized updated real-time wager price to the first remote mobile device and the second remote mobile device.