System and method for wagering-based transferable financial instruments
First Claim
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1. A computer-implemented method for providing a financial instrument, comprising:
- identifying a plurality of predefined probabilistic events, wherein each event is associated with a plurality of outcomes;
maintaining, in electronic storage, a point count that varies according to the outcomes of the plurality of events;
identifying a first wager that is based at least in part on the plurality of events;
determining a price based at least in part upon the point count;
establishing the financial instrument embodying at least the first wager, the financial instrument comprising the price; and
facilitating the transfer of the financial instrument for the price.
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Abstract
The invention provides a system and method for creating and facilitating the exchange of wagering-based transferable financial instruments. The instruments may be used to embody multiple various positions based upon the ultimate outcomes of uncertain future contingent events, including but not limited to outcomes of games of skill and chance. The invention further provides systems and platforms for monitoring, displaying information, and facilitating trading as to such instruments among multiple investment market participants, and a hosting or house participant, for time-variable buying and selling of such instruments.
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Citations
21 Claims
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1. A computer-implemented method for providing a financial instrument, comprising:
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identifying a plurality of predefined probabilistic events, wherein each event is associated with a plurality of outcomes; maintaining, in electronic storage, a point count that varies according to the outcomes of the plurality of events; identifying a first wager that is based at least in part on the plurality of events; determining a price based at least in part upon the point count; establishing the financial instrument embodying at least the first wager, the financial instrument comprising the price; and facilitating the transfer of the financial instrument for the price. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13)
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14. An apparatus for providing at least one financial instrument, comprising:
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a memory operable to store the at least one financial instrument, wherein the at least one financial instrument embodies at least a first wagering position regarding a point count associated with a plurality of probabilistic events; and one or more processors that are coupled to the memory and that are collectively or individually operable to; receive information identifying a plurality of predefined probabilistic events, wherein each event is associated with a plurality of outcomes; maintain the point count in the memory by updating the point count according to the outcomes of the plurality of events; determine a price based at least in part upon the point count; and
facilitate transfer of the financial instrument for the price. - View Dependent Claims (15, 16, 17, 18, 19, 20, 21)
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Specification