System and method for wagering in a financial market environment

• US 20050197948A1
• Filed: 03/05/2004
• Published: 09/08/2005
• Est. Priority Date: 03/05/2004
• Status: Active Grant

• Current Assignee: Cantor Index LLC
• Original Assignee: Cantor Index LLC
• Inventors: Davie, Christopher John, Oliver Riches, Guy Iain
• Granted Patent: US 7,835,961 B2
• Time in Patent Office: Days
• US Class Current: 705/37
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: G06Q 50/34 Betting or bookmaking, e.g. Internet betting
• CPC Class Codes: G07F 17/3288 Betting, e.g. on live events, bookmaking

Abstract

A method for providing a wager in a financial market environment is provided that includes presenting an opportunity to make a wager that is based on a moving market line associated with a financial market. An end user is given an opportunity to bet on whether a financial market value will be above or below the moving market line at a designated time. The wager may be accepted from the end user. The wager may be monitored in order to determine whether the financial market value was above or below the moving market line at the designated time.

Claims

1. A method for wagering in a financial market environment, comprising:

presenting an opportunity to make a wager that is based on a moving market line associated with a financial market, wherein an end user is given an opportunity to bet on whether a financial market value will be above or below the moving market line at a designated time;

accepting the wager from the end user; and

monitoring the wager in order to determine whether the financial market value was above or below the moving market line at the designated time.

2. The method of claim 1, further comprising:

offering the wager in a financial instrument that includes one or more terms associated with the wager, wherein the terms include a selected one or more of a price associated with the wager, odds associated with the wager, and an expiration of the wager.

3. The method of claim 1, further comprising:

providing a user interface for the end user, the user interface being operable to receive input in order to facilitate participation in the wager by the end user.

4. The method of claim 1, further comprising:

providing data associated with the wager to the end user in order to assist the end user in participating in the wager.

5. The method of claim 4, wherein the data relates to historical information about the financial market value associated with the wager.

6. The method of claim 1, further comprising:

establishing a high line that corresponds to an increase in the moving market line, wherein the end user is given an opportunity to place a high line wager in order to bet on whether the financial market value will reach below or above the high line during a specified time period.

7. The method of claim 1, further comprising:

establishing a low line that corresponds to a decrease in the moving market line, wherein the end user is given an opportunity to place a low line wager in order to bet on whether the financial market value will reach below or above the low line during a specified time period.

8. The method of claim 1, further comprising:

establishing a spread that corresponds to a deviation above and below the moving market line, wherein the end user is given the opportunity to place a spread wager in order to bet on whether the financial market value will reach below or above the spread during a specified time period.

9. The method of claim 1, further comprising:

providing one or more end-user profiles for one or more end users participating in one or more wagers, wherein one or more of the end-user profiles include a selected one or more of an account number associated with one or more of the end users, identity information associated with one or more of the end users, and data associated with recent wagering activity for one or more of the end users.

10. The method of claim 1, further comprising:

administering a gaming system that includes a platform for facilitating the wager associated with the financial market value, wherein the administering operation includes approving one or more wagers placed on margin by one or more end users.

11. The method of claim 1, further comprising:

settling the wager after in order to resolve whether the end user is entitled to a credit or a debit.

12. A system for wagering in a financial market environment, comprising:

a central controller operable to present an opportunity to make a wager that is based on a moving market line associated with a financial market, wherein an end user is given an opportunity to bet on whether a financial market value will be above or below the moving market line at a designated time, and wherein the central controller is further operable to accept the wager from the end user, the wager being monitored in order to determine whether the financial market value was above or below the moving market line at the designated time.

13. The system of claim 12, wherein the central controller comprises:

a processor; and

a memory element that is operable to store the wager as a financial instrument, the financial instrument including one or more terms associated with the wager, wherein the terms include a selected one or more of a price associated with the wager, odds associated with the wager, and an expiration of the wager.

14. The system of claim 13, wherein the memory element is operable to provide one or more end-user profiles for one or more end users participating in one or more wagers, and wherein one or more of the end-user profiles include a selected one or more of an account number associated with one or more of the end users, identity information associated with one or more of the end users, and data associated with recent wagering activity for one or more of the end users.

15. The system of claim 12, further comprising:

a financial market data element that is operable to provide data associated with the wager to the end user in order to assist the end user in participating in the wager.

16. The system of claim 12, wherein the central controller is operable to establish a high line that corresponds to an increase in the moving market line, and wherein the end user is given an opportunity to place a high line wager in order to bet on whether the financial market value will reach below or above the high line during a specified time period.

17. The system of claim 12, wherein the central controller is operable to establish a low line that corresponds to a decrease in the moving market line, and wherein the end user is given an opportunity to place a low line wager in order to bet on whether the financial market value will reach below or above the low line during a specified time period.

18. The system of claim 12, wherein the central controller is operable to establish a spread that corresponds to a deviation above and below the moving market line, and wherein the end user is given the opportunity to place a spread wager in order to bet on whether the financial market value will reach below or above the spread during a specified time period.

19. The system of claim 12, further comprising:

a user interface operable to communicate with the central controller, the user interface being further operable to receive input in order to facilitate participation in the wager by the end user.

20. The system of claim 12, further comprising:

an administrator module operable to communicate with the central controller and to approve one or more wagers placed on margin by one or more end users.

21. Software for wagering in a financial market environment, the software being embodied in a computer readable medium and comprising computer code such that when executed is operable to:

present an opportunity to make a wager that is based on a moving market line associated with a financial market, wherein an end user is given an opportunity to bet on whether a financial market value will be above or below the moving market line at a designated time;

accept the wager from the end; and

monitor the wager in order to determine whether the financial market value was above or below the moving market line at the designated time.

22. The medium of claim 21, wherein the code is further operable to:

provide historical data associated with the financial market value to the end user in order to assist the end user in participating in the wager.

23. The medium of claim 21, wherein the code is further operable to:

establish a high line that corresponds to an increase in the moving market line, wherein the end user is given an opportunity to place a high line wager in order to bet on whether the financial market value will reach below or above the high line during a specified time period.

24. The medium of claim 21, wherein the code is further operable to:

establish a low line that corresponds to a decrease in the moving market line, wherein the end user is given an opportunity to place a low line wager in order to bet on whether the financial market value will reach below or above the low line during a specified time period.

25. The medium of claim 21, wherein the code is further operable to:

establish a spread that corresponds to a deviation above and below the moving market line, wherein the end user is given the opportunity to place a spread wager in order to bet on whether the financial market value will reach below or above the spread during a specified time period.

26. The medium of claim 21, wherein the code is further operable to:

administer a gaming system that includes a platform for facilitating the wager associated with the financial market value, wherein the administering operation includes approving one or more wagers placed on margin by one or more end users.

27. The medium of claim 21, wherein the code is further operable to:

settle the wager in order to resolve whether the end user is entitled to a credit or a debit.

28. A system for wagering in a financial market environment, comprising:

means for presenting an opportunity to make a wager that is based on a moving market line associated with a financial market, wherein an end user is given an opportunity to bet on whether a financial market value will be above or below the moving market line at a designated time;

means for accepting the wager from the end user; and

means for monitoring the wager in order to determine whether the financial market value was above or below the moving market line at the designated time.

29. The system of claim 28, further comprising:

means for providing the wager in a financial instrument that includes one or more terms associated with the wager, wherein the terms include a selected one or more of a price associated with the wager, odds associated with the wager, and an expiration of the wager.

30. The system of claim 28, further comprising:

means for receiving input in order to facilitate participation in the wager by the end user.

31. The system of claim 28, further comprising:

means for providing historical data associated with the financial market value to the end user in order to assist the end user in participating in the wager.

32. The system of claim 28, further comprising:

means for establishing a high line that corresponds to an increase in the moving market line by approximately 1%, wherein the end user is given an opportunity to place a high line wager in order to bet on whether the financial market value will reach below or above the high line during a specified time period.

33. The system of claim 28, further comprising:

means for establishing a low line that corresponds to a decrease in the moving market line by approximately 1%, wherein the end user is given an opportunity to place a low line wager in order to bet on whether the financial market value will reach below or above the low line during a specified time period.

34. The system of claim 28, further comprising:

means for establishing a spread that corresponds to a deviation above and below the moving market line, wherein the end user is given the opportunity to place a spread wager in order to bet on whether the financial market value will reach below or above the spread during a specified time period.

35. The system of claim 28, further comprising:

means for providing one or more end-user profiles for one or more end users participating in one or more wagers, wherein one or more of the end-user profiles include a selected one or more of an account number associated with one or more of the end users, identity information associated with one or more of the end users, and data associated with recent wagering activity for one or more of the end users.

36. The system of claim 28, further comprising:

means for administering a gaming system that includes a platform for facilitating the wager associated with the financial market, wherein the administering operation includes approving one or more wagers placed on margin by one or more end users.

37. The system of claim 28, further comprising:

means for settling the wager in order to resolve whether the end user is entitled to a credit or a debit.

39. A method for wagering in a financial environment, comprising:

presenting an opportunity to make a wager that is based on a static market line associated with a financial market, wherein an end user is given an opportunity to bet on whether a financial market value will be above or below the static market line at a designated time, and wherein odds for the wager are determined based on movement of the financial market value;

accepting the wager from the end user; and

monitoring the wager in order to determine whether the financial market value was above or below the static market line at the designated time.

40. The method of claim 39, further comprising:

establishing one or more additional static lines; and

providing additional odds for the one or more additional static lines based on movement of the financial market value such that one or more additional betting opportunities are provided to the end user.

41. The method of claim 39, further comprising:

offering the wager in a financial instrument that includes one or more terms associated with the wager, wherein the terms include a selected one or more of a price associated with the wager, the odds associated with the wager, and an expiration of the wager.