Casino games based on financial market activity
First Claim
1. A method used for conducting a game by a gambling operator or casino in which a plurality of players bet, comprising:
- establishing a set of rules for the game, wherein the rules define at least one winner based on at least one financial market data value that fluctuates based on market activity in a financial market that is distinct from the game;
electronically receiving updates to the financial market data value from a third-party data source;
providing a forum, electronically coupled to the third-party data source, where the players play the game and bet against a house, in accordance with the established set of rules and the at least one financial market data value;
wherein the forum is electronically coupled to one or more third-party market makers who establish odds for the game and provide liquidity for bets of all players; and
wherein the one or more third-party market makers payout winning bets to one or more winning players based on the established odds, and retain losing bets of one or more losing players.
1 Assignment
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Accused Products
Abstract
The present invention is directed to a method for conducting a game by a gambling operator or casino in which a plurality of players bet. A set of rules are established for the game, wherein the rules define at least one winner based on at least one financial market data value that fluctuates based on market activity in a financial market that is distinct from the game. Updates to the financial market data value are received electronically from a third-party data source. A forum is electronically coupled to the third-party data source, where the players play the game and bet against a house, in accordance with the established set of rules and the at least one financial market data value. The forum is electronically coupled to one or more third-party market makers who establish odds for the game and provide liquidity for bets of all players. The one or more third-party market makers payout winning bets to one or more winning players based on the established odds, and retain losing bets of one or more losing players.
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Citations
65 Claims
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1. A method used for conducting a game by a gambling operator or casino in which a plurality of players bet, comprising:
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establishing a set of rules for the game, wherein the rules define at least one winner based on at least one financial market data value that fluctuates based on market activity in a financial market that is distinct from the game;
electronically receiving updates to the financial market data value from a third-party data source;
providing a forum, electronically coupled to the third-party data source, where the players play the game and bet against a house, in accordance with the established set of rules and the at least one financial market data value;
wherein the forum is electronically coupled to one or more third-party market makers who establish odds for the game and provide liquidity for bets of all players; and
wherein the one or more third-party market makers payout winning bets to one or more winning players based on the established odds, and retain losing bets of one or more losing players. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11)
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12. An apparatus for conducting a game by a gambling operator or casino, comprising:
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a machine that accepts a wager from a player;
a port in the machine that receives live financial market data;
a display coupled to the machine that shows the current value of a security, market index, economic or financial market indicator, foreign exchange rate, physical commodity or interest rate, wherein the current value includes at least four digits, and the current value is provided to the display using the live financial market data provided via the port;
a random number generator that generates at least four random digits that are shown on a row of the display when digits on the display spin;
wherein the machine pays the player a jackpot if at least one of the random digits shown on the the row matches one of the digits representing the current value of the security, market index, economic or financial market indicator, foreign exchange rate, physical commodity or interest rate, when the digits on the display stop spinning. - View Dependent Claims (13, 14, 15, 16, 17, 18, 19, 20, 21)
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22. An apparatus for conducting a game by a gambling operator or casino, comprising:
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a machine that accepts a wager from a player;
a port in the machine that receives live financial market data;
a display coupled to the machine that shows the current value of a security, market index, economic or financial market indicator, foreign exchange rate, physical commodity or interest rate, wherein the current value includes at least four digits, and the current value is provided to the display using the live financial market data provided via the port;
a random number generator that generates at least four random digits that are shown on a row of the display when digits on the display spin; and
wherein the machine pays the player a jackpot if a plurality of the random digits shown on the row match digits representing the current value of the security, market index, economic or financial market indicator, foreign exchange rate, physical commodity or interest rate, when the digits on the display stop spinning. - View Dependent Claims (23, 24, 25)
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26. An apparatus for conducting a game by a gambling operator or casino, comprising:
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a machine that accepts wagers from a plurality of players betting on a race, and assigns a security, market index, economic or financial market indicator, foreign exchange rate, physical commodity or interest rate to each player;
a port in the machine that receives live financial market data;
a display coupled to the machine that shows a plurality of securities, market indices, economic or financial market indicators, foreign exchange rates, physical commodities or interest rates, assigned to the players;
wherein the machine determines a winning security, market index, economic or financial market indicator, foreign exchange rate, physical commodity or interest rate, using the live financial market data, by identifying the security, market index, economic or financial market indicator, foreign exchange rate, physical commodity or interest rate shown on the display that increases in value the most by percentage during the race; and
wherein, at the end of the race, the machine pays winnings to each player assigned to the winning security, market index, economic or financial market indicator, foreign exchange rate, physical commodity or interest rate. - View Dependent Claims (27, 28, 29)
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30. An apparatus for conducting a game by a gambling operator or casino, comprising:
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a machine that accepts wagers from one or more players of the game;
a port in the machine that receives live financial market data;
a display coupled to the machine that shows a value of a security, market index, economic or financial market indicator, foreign exchange rate, physical commodity or interest rate, during a countdown period of the game;
wherein the display also shows a plurality of value ranges for the security, market index, economic or financial market indicator, foreign exchange rate, physical commodity or interest rate, and odds for each value range;
wherein each wager accepted by the machine corresponds to one of the plurality of value ranges;
wherein the machine determines a winning value range using the live financial market data by identifying the value range that the security, market index, economic or financial market indicator, foreign exchange rate, physical commodity or interest rate is within at the end of the game; and
wherein, at the end of the game, the machine pays winnings, in accordance with the odds, for each wager having a selected value range corresponding to the winning value range. - View Dependent Claims (31, 32, 33, 34, 35)
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36. An apparatus for conducting a game by a gaming sponsor, comprising:
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a machine that accepts wagers from a plurality of players betting on a race;
a port in the machine that receives live financial market data;
a display coupled to the machine that shows a plurality of securities, market indices, economic or financial market indicators, foreign exchange rates, physical commodities or interest rates, and streaming financial data for each of the securities, market indices, economic or financial market indicators, foreign exchange rates, physical commodities or interest rates during a countdown period, where each of the wagers corresponds to one of the plurality of securities, market indices, economic or financial market indicators, foreign exchange rates, physical commodities or interest rates selected by a player;
wherein the machine determines a winning security, market index, economic or financial market indicator, foreign exchange rate, physical commodity or interest rate at the end of the race, using the live financial market data, by identifying the security, market index, economic or financial market indicator, foreign exchange rate, physical commodity or interest rate shown on the display that increases in value the most by percentage during the race; and
wherein, at the end of the race, the machine pays winnings on each wager that corresponds to the winning security, market index, economic or financial market indicator, foreign exchange rate, physical commodity or interest rate. - View Dependent Claims (37, 38, 39)
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40. A method for conducting a game, comprising:
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providing a deck of cards, wherein each card in the deck is associated with a symbol corresponding to one of a defined list of possible securities, market indices, economic or financial market indicators, foreign exchange rates, physical commodities or interest rates;
receiving an ante wager from each player;
after receipt of the ante wager from each player, assigning a portfolio of securities, market indices, economic or financial market indicators, foreign exchange rates, physical commodities or interest rates to each player and the house by dealing a plurality of cards from the deck to each player and the house, respectively;
after the cards are dealt, providing a betting round where each player is permitted to fold or raise their wager in the game;
after the betting round, using streaming financial data provided to the game to monitor a percentage increase in value in the portfolio of each player and the portfolio of the house during a race; and
at the end of the race, paying each player remaining in the game having a portfolio that increased by percentage more than the portfolio of the house. - View Dependent Claims (41, 42, 43, 44)
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45. An apparatus for conducting a game, comprising:
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a machine that accepts wagers from at least one player, wherein the wager is associated with a given security, market index, economic or financial market indicator, foreign exchange rate, physical commodity or interest rate, and includes a selected direction for a value of the given security, market index, economic or financial market indicator, foreign exchange rate, physical commodity or interest rate, and a number of consecutive predefined periods in which the value of the given security, market index, economic or financial market indicator, foreign exchange rate, physical commodity or interest rate will move in the selected direction;
a port in the machine that receives live financial market data;
a display coupled to the machine that shows streaming financial data for the given security, market index, economic or financial market indicator, foreign exchange rate, physical commodity or interest rate;
wherein the machine uses the live financial market data to monitor the value of the given security, market index, economic or financial market indicator, foreign exchange rate, physical commodity or interest rate during the game; and
wherein the machine pays winnings to the player if, during each of the consecutive predefined periods associated with the wager, the value of the given security, market index, economic or financial market indicator, foreign exchange rate, physical commodity or interest rate moves in the selected direction associated with the wager. - View Dependent Claims (46, 47, 48, 49)
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50. A method for conducting a game, comprising:
providing a forum where each player plays against other players by;
privately predicting before a round what a closing value of a given security, market index, economic or financial market indicator, foreign exchange rate, physical commodity or interest rate will be at the end of the round;
after making the private prediction, and during the round, having an opportunity to bet into a pot or fold; and
winning some or all of the pot if, at the end of the round, the private prediction of the player is closer to the closing value than any private prediction of any other player in the game or all other players have folded. - View Dependent Claims (51, 52, 53, 54)
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55. A method for conducting a game where each player plays against other players, comprising:
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providing a deck of cards, wherein each card in the deck is associated with a symbol corresponding to one of a defined list of possible securities, market indices, economic or financial market indicators, foreign exchange rates, physical commodities or interest rates;
receiving an ante wager from each player;
after receipt of the ante wager from each player, assigning a portfolio to each player by dealing a plurality of cards from the deck to each player;
after the cards are dealt, providing a betting round where each player is permitted to bet into a pot or fold;
after the betting round, using streaming financial data provided to the game to monitor a percentage increase in value in the portfolio of each player; and
awarding some or all of the pot to a player if, at the end of a predetermined period, the portfolio assigned to the player increased in value by percentage more than the portfolio of any other remaining player in the game or all other players have folded. - View Dependent Claims (56, 57, 58, 59)
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60. A method for conducting a game where each player plays against other players, comprising:
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receiving a portfolio selection from each player, wherein the portfolio selection includes a plurality of securities, market indices, economic or financial market indicators, foreign exchange rates, physical commodities or interest rates selected from a fixed set of possibilities;
using streaming financial data provided to the game to monitor a percentage increase in value in the portfolio of each player; and
awarding some or all of a pot to a player if, at the end of a predetermined period, the portfolio selected by the player increased in value by percentage more than the portfolio of any other remaining player in the game or all other players have folded. - View Dependent Claims (61, 62, 63, 64, 65)
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Specification