System and method to transfigure foreign or interstate wagering to an intrastate, sanctioned activity
First Claim
1. An automated player system adapted to allow wagering from any location, comprising:
- a host computer associated with a local forum, wherein said host computer is configured to (1) manage betting activities of one or more players;
(2) enable each of the one or more players to establish, join, or maintain a business entity bestowing an intra-forum presence to the player;
(3) account for each of the player'"'"'s wagers, debts, liabilities, obligations and expenses; and
(4) authenticate each player, collect taxes or reports taxable events, generate an audit-trail and track each player'"'"'s activities; and
a gaming computer operably connected with said host computer, wherein the host computer generates at least one authenticatable message with a token to be provided to the gaming computer indicating that at least one of the one or more players is deemed qualified to participate in intrastate gaming for purposes of the local forum'"'"'s rules and the gaming computer allows the at least one of the one or more players to participate in a gaming activity; and
wherein upon expiration of the token, the gaming computer generates an inquiry notice to the host computer requesting a status of the at least one of the one or more players.
0 Assignments
0 Petitions
Accused Products
Abstract
A system and method to permit foreign or interstate wagering from remote locations where the wager is placed, accepted and settled all within a state, territory or other forum where wagering and other gaming is sanctioned. An organization situated in the forum location (the “forum host”) establishes and maintains a business entity to bestow an intra-forum presence to the foreign or interstate player. Through the business entity, the forum host can account for the player'"'"'s wagers, winnings and losses, while at the same time, allocating and/or collecting the appropriate federal, state and/or local taxes and fees on the member/player'"'"'s account. The process is automated via a host computer system, which manages betting activities of a plurality of members/players, and enables one or more players at a remote location to participate in intrastate gaming for purposes of the local forum'"'"'s laws, rules and regulations affecting the gaming industry.
-
Citations
16 Claims
-
1. An automated player system adapted to allow wagering from any location, comprising:
-
a host computer associated with a local forum, wherein said host computer is configured to (1) manage betting activities of one or more players;
(2) enable each of the one or more players to establish, join, or maintain a business entity bestowing an intra-forum presence to the player;
(3) account for each of the player'"'"'s wagers, debts, liabilities, obligations and expenses; and
(4) authenticate each player, collect taxes or reports taxable events, generate an audit-trail and track each player'"'"'s activities; anda gaming computer operably connected with said host computer, wherein the host computer generates at least one authenticatable message with a token to be provided to the gaming computer indicating that at least one of the one or more players is deemed qualified to participate in intrastate gaming for purposes of the local forum'"'"'s rules and the gaming computer allows the at least one of the one or more players to participate in a gaming activity; and wherein upon expiration of the token, the gaming computer generates an inquiry notice to the host computer requesting a status of the at least one of the one or more players. - View Dependent Claims (2, 3, 4, 5, 6, 7, 16)
-
-
8. An automated player method enabling a player to establish, join, or maintain a business entity bestowing an intra-forum presence to the player comprising the steps of:
-
(a) receiving by a host computer associated with a selected forum a request from a user to become a member of a business entity organized in a selected forum; (b) authenticating through the use of the host computer the user as a member of the business entity; (c) reporting by the host computer the authentication status to a government authority, thereby enabling a user residing in any forum to wager via an Internet gaming system comprising a gaming computer, the host computer associated with the selected forum and a player computer located in any forum under the laws and regulations of the selected forum; and (d) receiving a wager on at least one wagering opportunity presented to the user via the gaming computer. - View Dependent Claims (9, 10, 11, 12, 13, 14, 15)
-
Specification