METHOD, APPARATUS, AND COMPUTER-READABLE MEDIA FOR ENABLING REAL-TIME COMPETITION HAVING AN ENTERTAINING EXPERIENCE BASED ON COMMODITIES OR CURRENCIES

• US 20150228023A1
• Filed: 04/22/2015
• Published: 08/13/2015
• Est. Priority Date: 04/10/2013
• Status: Active Grant

• Current Assignee: The Iconic Holdings LLC
• Original Assignee: Iconic Worldwide Gaming Ltd.
• Inventors: O'Brien, Patrick Damien
• Granted Patent: US 10,198,769 B2
• Time in Patent Office: Days
• US Class Current: 1/1
• 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 17/3225 Data transfer within a gaming system, e.g. data sent between gaming machines and users
• CPC Class Codes: G07F 17/3244 Payment aspects of a gaming system, e.g. payment schemes, setting payout ratio, bonus or consolation prizes
• CPC Class Codes: G07F 17/326 Game play aspects of gaming systems
• CPC Class Codes: G07F 17/3276 wherein the players compete, e.g. tournament
• CPC Class Codes: G07F 17/3286 Type of games
• CPC Class Codes: G07F 17/3288 Betting, e.g. on live events, bookmaking
• CPC Class Codes: G07F 17/34 depending on the stopping of moving members in a mechanical slot machine, e.g. "fruit" machines

Abstract

Methods, apparatus, and computer-readable media for enabling real-time competition based on commodities. An exemplary computer-implemented method executed by one or more computing devices for enabling real-time competition based on commodities includes receiving information from a first user including a selection of a commodity and a competitive position corresponding to a criteria associated with the commodity, determining, based at least in part on real-time information regarding the selected commodity, whether the competitive position regarding the criteria is consistent with the real-time information, transmitting information to the first user indicating an outcome that is favorable based at least in part of a determination that the competitive position regarding the criteria is consistent with the real-time information, and transmitting information to the first user indicating an outcome that is not favorable based at least in part of a determination that the competitive position regarding the criteria is not consistent with the real-time information.

Claims

1. A computer-implemented method executed by one or more computing devices for enabling real-time competition between a first user and a second user, the method comprising:

receiving, by at least one of the one or more computing devices, information from a first user including a first competitive position associated with a live event that occurs over a duration of time;

receiving, by at least one of the one or more computing devices, information from a second user including a second competitive position also associated with the live event, wherein the first competitive position and the second competitive position are mutually exclusive;

transmitting, by at least one of the one or more computing devices, information for display as an entertaining experience on a computing device associated with at least one of the first user and the second user during at least a portion of the duration of time, the entertaining experience including a graphical representation of a casino-style game, the graphical representation of the casino-style game including one or more first symbols representing the first competitive position and one or more second symbols representing the second competitive position; and

transmitting, by at least one of the one or more computing devices, after the duration of time has ended, information to the first user and the second user indicating either;

a first outcome that is favorable for the first user based at least in part on a determination that the first competitive position is consistent with the real-time data at the end time of the duration of time, or

a second outcome that is favorable for the second user based at least in part on a determination that the second competitive position is consistent with the real-time data at the end time of the duration of time.

2. The method of claim 1, wherein the real-time state is received from a live feed.

3. The method of claim 1, wherein the information corresponding to the first competitive position includes a wager associated with the first competitive position.

4. The method of claim 1, wherein the outcome is displayed as part of the entertaining experience.

5. The method of claim 1, wherein the graphical representation of the casino-style game includes a virtual roulette wheel and the one or more first symbols representing the first competitive position and the one or more second symbols representing the second competitive position are displayed in one or more pockets surrounding the virtual roulette wheel.

6. The method of claim 1, wherein the graphical representation of the casino-style game includes a virtual slots machine and the one or more first symbols representing the first competitive position and the one or more second symbols representing the second competitive position are displayed on one or more reels of the virtual slots machine.

7. The method of claim 1, wherein the information corresponding to the first competitive position includes odds associated with the first competitive position.

8. An apparatus for enabling real-time competition between a first user and a second user, the apparatus comprising:

one or more processors; and

one or more memories operatively coupled to at least one of the one or more processors and having instructions stored thereon that, when executed by at least one of the one or more processors, cause at least one of the one or more processors to;

enable the receipt of information from a first user including a first competitive position associated with a live event that occurs over a duration of time;

enable the receipt of information from a second user including a second competitive position also associated with the live event, wherein the first competitive position and the second competitive position are mutually exclusive;

transmit information for display as an entertaining experience on a computing device associated with at least one of the first user and the second user during at least a portion of the duration of time, the entertaining experience including a graphical representation of a casino-style game, the graphical representation of the casino-style game including one or more first symbols representing the first competitive position and one or more second symbols representing the second competitive position; and

transmit, after the duration of time has ended, information to the first user and the second user indicating either;

a first outcome that is favorable for the first user based at least in part on a determination that the first competitive position is consistent with the real-time data at the end time of the duration of time, or

a second outcome that is favorable for the second user based at least in part on a determination that the second competitive position is consistent with the real-time data at the end time of the duration of time.

9. The apparatus of claim 8, wherein the real-time state is received from a live feed.

10. The apparatus of claim 8, wherein the information corresponding to the first competitive position includes a wager associated with the first competitive position.

11. The apparatus of claim 8, wherein the outcome is displayed as part of the entertaining experience.

12. The apparatus of claim 8, wherein the graphical representation of the casino-style game includes a virtual roulette wheel and the one or more first symbols representing the first competitive position and the one or more second symbols representing the second competitive position are displayed in one or more pockets surrounding the virtual roulette wheel.

13. The apparatus of claim 8, wherein the graphical representation of the casino-style game includes a virtual slots machine and the one or more first symbols representing the first competitive position and the one or more second symbols representing the second competitive position are displayed on one or more reels of the virtual slots machine.

14. The apparatus of claim 8, wherein the information corresponding to the first competitive position includes odds associated with the first competitive position.

15. At least one non-transitory computer-readable medium storing computer-readable instructions that, when executed by one or more computing devices, cause at least one of the one or more computing devices to:

receive information from a first user including a first competitive position associated with a live event that occurs over a duration of time;

receive information from a second user including a second competitive position also associated with the live event, wherein the first competitive position and the second competitive position are mutually exclusive;

transmit information for display as an entertaining experience on a computing device associated with at least one of the first user and the second user during at least a portion of the duration of time, the entertaining experience including a graphical representation of a casino-style game, the graphical representation of the casino-style game including one or more first symbols representing the first competitive position and one or more second symbols representing the second competitive position; and

transmit, after the duration of time has ended, information to the first user and the second user indicating either;

a first outcome that is favorable for the first user based at least in part on a determination that the first competitive position is consistent with the real-time data at the end time of the duration of time, or

a second outcome that is favorable for the second user based at least in part on a determination that the second competitive position is consistent with the real-time data at the end time of the duration of time.

16. The at least one non-transitory computer-readable medium of claim 15, wherein the real-time state is received from a live feed.

17. The at least one non-transitory computer-readable medium of claim 15, wherein the information corresponding to the first competitive position includes a wager associated with the first competitive position.

18. The at least one non-transitory computer-readable medium of claim 15, wherein the outcome is displayed as part of the entertaining experience.

19. The at least one non-transitory computer-readable medium of claim 15, wherein the graphical representation of the casino-style game includes a virtual roulette wheel and the one or more first symbols representing the first competitive position and the one or more second symbols representing the second competitive position are displayed in one or more pockets surrounding the virtual roulette wheel.

20. The at least one non-transitory computer-readable medium of claim 15, wherein the graphical representation of the casino-style game includes a virtual slots machine and the one or more first symbols representing the first competitive position and the one or more second symbols representing the second competitive position are displayed on one or more reels of the virtual slots machine.

21. The at least one non-transitory computer-readable medium of claim 15, wherein the information corresponding to the first competitive position includes odds associated with the first competitive position.

22. At least one non-transitory computer-readable medium storing computer-readable instructions that, when executed by one or more computing devices, cause at least one of the one or more computing devices to:

transmit information including a first competitive position associated with a live event that occurs over a duration of time;

receive information from a second user including a second competitive position also associated with the live event, wherein the first competitive position and the second competitive position are mutually exclusive;

display an entertaining experience during at least a portion of the duration of time, the entertaining experience including a graphical representation of a casino-style game, the graphical representation of the casino-style game including one or more first symbols representing the first competitive position and one or more second symbols representing the second competitive position; and

receive, after the duration of time has ended, information indicating either;

a first outcome that is favorable for the first user based at least in part on a determination that the first competitive position is consistent with the real-time data, or

a second outcome that is favorable for the second user based at least in part on a determination that the second competitive position is consistent with the real-time data.

23. The at least one non-transitory computer-readable medium of claim 22, wherein the real-time state is received from a live feed.

24. The at least one non-transitory computer-readable medium of claim 22, wherein the information corresponding to the first competitive position includes a wager associated with the first competitive position.

25. The at least one non-transitory computer-readable medium of claim 22, wherein the outcome is displayed as part of the entertaining experience.

26. The at least one non-transitory computer-readable medium of claim 22, wherein the graphical representation of the casino-style game includes a virtual roulette wheel and the one or more first symbols representing the first competitive position and the one or more second symbols representing the second competitive position are displayed in one or more pockets surrounding the virtual roulette wheel.

27. The at least one non-transitory computer-readable medium of claim 22, wherein the graphical representation of the casino-style game includes a virtual slots machine and the one or more first symbols representing the first competitive position and the one or more second symbols representing the second competitive position are displayed on one or more reels of the virtual slots machine.

28. The at least one non-transitory computer-readable medium of claim 22, wherein the information corresponding to the first competitive position includes odds associated with the first competitive position.