PRODUCTS AND PROCESSES FOR PROCESSING INFORMATION RELATED TO WEATHER AND OTHER EVENTS

• US 20080081684A1
• Filed: 09/28/2006
• Published: 04/03/2008
• 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.
• Granted Patent: US 8,562,422 B2
• Time in Patent Office: Days
• US Class Current: 463/16
• 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:

receiving a plurality of bets, in which each bet defines

a respective amounted wagered,

a respective area, and

a respective weather-related event;

displaying data that represents the plurality of bets;

determining an outcome of a weather-related event; and

determine at least one winner based on the bets and the outcome.

2. The method of claim 1, in which displaying data that represents the plurality of bets comprises

displaying the data in a graphical display representing a map.

3. The method of claim 1, further comprising:

receiving data indicating a bet of the plurality of bets;

receiving data indicating a residence; and

verifying that a residence corresponds to the area defined by the indicated bet.

4. The method of claim 1, further comprising:

generating an offer to purchase an additional bet.

5. The method of claim 4, in which generating an offer to purchase a bet comprises:

generating the offer based on a bet of the received plurality of bets.

6. An apparatus programmed to perform the method of claim 1.

7. A computer readable medium that includes a program operable to direct a computer to perform the method of claim 1.