Web-based prediction marketplace
DCFirst Claim
1. A method of providing an electronic marketplace of predictions over a communications network, the method comprising:
- electronically receiving and storing at least one prediction of at least one supplier for at least one event whose outcome has not yet been determined;
displaying a first screen requesting identifying information from a first consumer, determining at least one performance metric reflective of the accuracy of said at least one prediction, after the outcome of the event has been determined;
displaying a second screen showing said performance metric, upon request by said first consumer;
displaying a first supplier'"'"'s prediction for a first upcoming event to said first consumer, upon request by that consumer to view said first supplier'"'"'s prediction;
debiting an account of said first consumer for requesting said first supplier'"'"'s prediction; and
crediting an account of said first supplier, whose prediction for the first upcoming event has been displayed upon the request of said first consumer.
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Abstract
A method and apparatus for facilitating electronic commerce between suppliers of predictions and consumers of predictions. Suppliers provide their predictions on the outcomes of future events in one or more categories, and each supplier'"'"'s accuracy is tracked. Consumers interested in obtaining predictions for one of more of those categories are allowed to selectively choose which suppliers'"'"' predictions they wish to view. The suppliers are compensated based on the number of consumers who view their predictions. In one embodiment, the consumers pay for the predictions that they view while the suppliers are paid a portion of the revenue obtained from the consumers. In another embodiment the consumers are not charged and all revenue is derived from advertisers. The system in accordance with the present invention includes a controller which automatically credits each supplier'"'"'s account, aggregates earnings for that supplier, and automatically sends an electronic pay order to the Federal Reserve'"'"'s automated clearinghouse to thereby facilitate payment.
168 Citations
25 Claims
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1. A method of providing an electronic marketplace of predictions over a communications network, the method comprising:
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electronically receiving and storing at least one prediction of at least one supplier for at least one event whose outcome has not yet been determined;
displaying a first screen requesting identifying information from a first consumer, determining at least one performance metric reflective of the accuracy of said at least one prediction, after the outcome of the event has been determined;
displaying a second screen showing said performance metric, upon request by said first consumer;
displaying a first supplier'"'"'s prediction for a first upcoming event to said first consumer, upon request by that consumer to view said first supplier'"'"'s prediction;
debiting an account of said first consumer for requesting said first supplier'"'"'s prediction; and
crediting an account of said first supplier, whose prediction for the first upcoming event has been displayed upon the request of said first consumer. - View Dependent Claims (2, 3)
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4. A method of providing an electronic marketplace of predictions over a communications network, the method comprising:
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electronically receiving and storing at least one prediction of at least one supplier for at least one event whose outcome has not yet been determined;
displaying a first screen requesting identifying information from a first consumer;
determining at least one performance metric reflective of the accuracy of said at least one prediction, after the outcome of the event has been determined;
displaying a second screen showing said performance metric, upon request by said first consumer;
displaying a first supplier'"'"'s prediction for a first upcoming event to said first consumer, upon a current request by that consumer to view said first supplier'"'"'s prediction;
determining whether said first consumer has previously viewed a credited prediction of said first supplier; and
crediting an account of said first supplier, whose prediction for the first upcoming event has been displayed in response to the current request of said first consumer. - View Dependent Claims (5, 6, 7, 8, 9, 10)
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11. A computer storage medium comprising:
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code for electronically receiving and storing at least one prediction of at least one supplier for at least one event whose outcome has not yet been determined;
code for displaying a first screen requesting identifying information from a first consumer;
code for determining at least one performance metric reflective of the accuracy of said at least one prediction, after the outcome of the event has been determined;
code for displaying a second screen showing said performance metric, upon request by said first consumer, code for displaying a first supplier'"'"'s prediction for a first upcoming event to said first consumer, upon a current request by that consumer to view said first supplier'"'"'s prediction;
code for determining whether said first consumer has previously viewed a credited prediction of said first supplier; and
code for crediting an account of said first supplier, whose prediction for the first upcoming event has been displayed in response to the current request of said first consumer. - View Dependent Claims (12, 13)
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14. A computer programmed to:
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electronically receive and store at least one prediction of at least one supplier for at least one event whose outcome has not yet been determined;
display a first screen requesting identifying information from a first consumer;
determine at least one performance metric reflective of the accuracy of said at least one prediction, after the outcome of the event has been determined;
display a second screen showing said performance metric, upon request by said first consumer;
display a first supplier'"'"'s prediction for a first upcoming event to said first consumer, upon a current request by that consumer to view said first supplier'"'"'s prediction;
determine whether said first consumer has previously viewed a credited prediction of said first supplier; and
credit an account of said first supplier, whose prediction for the first upcoming event has been displayed in response to the current request of said first consumer. - View Dependent Claims (15, 16)
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17. A method of providing an electronic marketplace for predictions, the method comprising:
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receiving at least one prediction from each of a plurality of prediction suppliers;
calculating performance information reflective of the accuracy of said predictions made by each of said plurality of prediction suppliers;
transmitting said performance information to a prediction consumer;
receiving a request from said prediction consumer to purchase a new prediction from a prediction supplier selected by said prediction consumer;
transmitting said new prediction to said prediction consumer; and
crediting an account of the prediction supplier selected by the prediction consumer. - View Dependent Claims (18, 19, 20, 21, 22)
transmitting instructions on how to submit predictions; - and
transmitting instructions on how to purchase predictions.
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22. The method of claim 17, wherein said new prediction pertains to sporting events.
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23. A computer storage medium comprising:
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code for receiving at least one prediction from each of a plurality of prediction suppliers;
code for calculating performance information reflective of the accuracy of predictions made by each of said plurality of prediction suppliers;
code for transmitting said performance information to a prediction consumer;
code for receiving a request from said prediction consumer to purchase a new prediction from a prediction supplier selected by said prediction consumer;
code for transmitting said new prediction to said prediction consumer; and
code for crediting an account of the prediction supplier selected by the prediction consumer.
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24. A computer programmed to:
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receive at least one prediction from each of a plurality of prediction suppliers;
calculate performance information reflective of the accuracy of predictions made by each of said plurality of prediction suppliers;
transmit said performance information to a prediction consumer;
receive a request from said prediction consumer to purchase a new prediction from a selected prediction supplier;
transmit said new prediction to said prediction consumer; and
credit an account of the selected prediction supplier.
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25. A method of obtaining prediction information, the method comprising:
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viewing performance information reflective of the outcome of at least one past prediction made by at least one prediction supplier;
viewing which prediction information is available from at least one prediction supplier, electing to purchase prediction information from a selected prediction supplier;
viewing said purchased prediction information; and
crediting an account of the selected prediction supplier.
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Specification