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SYSTEM, METHOD, AND APPARATUS FOR PROVIDING A PREDICTION-BASED MARKETPLACE

  • US 20130290159A1
  • Filed: 04/25/2013
  • Published: 10/31/2013
  • Est. Priority Date: 04/30/2012
  • Status: Active Grant
First Claim
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1. A system comprising:

  • one or more processing units operable to;

    receive a prediction for an outcome of an event from a seller;

    determine a price to offer the prediction for sale to the buyer;

    provide the prediction to a buyer;

    receive an indication by the buyer to purchase the prediction;

    process a payment from the buyer to purchase the prediction;

    determine the actual outcome of the event that is predicted;

    compare the actual and predicted outcomes of the event; and

    distribute the payment in a manner so that the buyer and seller each receive a portion of the payment based on the comparison of the actual and predicted outcomes.

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