Computer graphics processing and system for displaying wagering information for dynamic financial market indicators

• US 8,535,138 B2
• Filed: 03/30/2012
• Issued: 09/17/2013
• Est. Priority Date: 03/05/2004
• Status: Active Grant

• Current Assignee: Cantor Index LLC
• Original Assignee: Cantor Index LLC
• Inventors: Amaitis, Lee, Davie, Christopher John, Riches, Guy Iain Oliver
• Primary Examiner(s): Coburn, Corbett B
• Application Number:
  US13/435,158
• Publication Number:
  US 20120302334A1
• Time in Patent Office: 536 Days
• Field of Search: None
• US Class Current: 463/16
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• 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 17/3288 Betting, e.g. on live events, bookmaking

Abstract

Systems and methods for providing a wager in a financial market environment are provided. An interface comprising odds and betting icons may enable users to bet that, at a designated future time, a measurable financial value such as a market index will be above or below one or more currently displayed values. The currently displayed values may comprise a current value of the financial value and/or values above or below the current value. The displayed value(s) may change as the financial value changes. The financial value may be tracked for the duration of the bet, and payouts may be made based on winning bets.

Claims

1. An apparatus comprising:

at least one processor; and

at least one memory that stores instructions which, when executed by the at least one processor, direct the at least one processor to perform the following method;

causing an electronic display to display;

a first value of a financial indicator, the first value comprising a value determined based on a current value of the financial indicator;

a first icon for selecting a first bet that the financial indicator will be greater than the first value at a designated future time;

a second icon for selecting a second bet that the financial indicator will be less than the first value at the designated future time;

first odds for the first bet;

second odds for the second bet;

receiving, from a first user, a selection of the first bet and an amount wagered in the first bet;

tracking a current value of the financial indicator until the designated future time;

determining whether a value of the financial indicator at the designated future time is greater than the first value; and

settling the first bet based on the act of determining whether a value of the financial indicator at the designated future time is greater than the first value.

2. The apparatus of claim 1, in which the first value comprise the current value of the financial indicator, in which the first value dynamically changes as the current value of the financial indicator changes, in which the financial indicator comprises a financial index, and in which the current value of the financial indicator comprises a current value of the financial index.

3. The apparatus of claim 2, in which the instructions, when executed by the at least one processor, further direct the at least one processor to cause the electronic display to display:

a second value of the financial indicator, in which the second value is one of (1) greater than the current value and (2) less than the current value, and in which the second value dynamically changes as the current value of the financial indicator changes

a third icon for selecting a third bet that the financial indicator will be greater than the second value at a designated future time;

a fourth icon for selecting a fourth bet that the financial indicator will be less than the second value at the designated future time;

third odds for the third bet; and

fourth odds for the fourth bet.

4. The apparatus of claim 3, in which the second value is greater than the current value of the financial indicator, and in which the instructions, when executed by the at least one processor, further direct the at least one processor to cause the electronic display to display:

a third value of the financial indicator, in which the third value is less than the current value, and in which the third value dynamically changes as the current value of the financial indicator changes

a fifth icon for selecting a fifth that the financial indicator will be greater than the third value at a designated future time;

a sixth icon for selecting a sixth bet that the financial indicator will be less than the third value at the designated future time;

fifth odds for the fifth bet; and

sixth odds for the sixth bet.

5. The apparatus of claim 4, in which the third odds is equal to the sixth odds, and in which the fourth odds is equal to the fifth odds.

6. The apparatus of claim 1, in which the instructions, when executed by the at least one processor, further direct the at least one processor to:

before receiving the selection of the first bet, cause the display to display the designated future time; and

before receiving a selection of the first bet, provide data associated with the wager to the first use, the data comprising historical information about the financial market value associated with the wager.

7. The apparatus of claim 1, in which the instructions, when executed by the at least one processor, further direct the at least one processor to:

prior to causing the display to display the first odds, determine the first odds based on a volatility factor, a time factor, and the current value of the financial indicator.

8. The apparatus of claim 1, in which the first value of the financial indicator comprises a value greater than the current value of the financial indicator.

9. The apparatus of claim 1, in which the first value of the financial indicator comprises a value less than the current value of the financial indicator.

10. The apparatus of claim 1, in which the instructions, when executed by the at least one processor, further direct the at least one processor to:

after settling the first bet, cause, by at least one processor, an electronic display to display;

a second value of a financial indicator, the second value comprising a value determined based on a current value of the financial indicator, the second value being different from the first value;

a third icon for selecting a third bet that the financial indicator will be greater than the first value at a designated future time;

a fourth icon for selecting a fourth bet that the financial indicator will be less than the first value at the designated future time;

third odds for the third bet, the third odds being equal to the first odds; and

fourth odds for the fourth bet, the fourth odds being equal to the second odds.

11. A method comprising:

causing, by at least one processor, an electronic display to display;

a first value of a financial indicator, the first value comprising a value determined based on a current value of the financial indicator;

a first icon for selecting a first bet that the financial indicator will be greater than the first value at a designated future time;

a second icon for selecting a second bet that the financial indicator will be less than the first value at the designated future time;

first odds for the first bet;

second odds for the second bet;

receiving, by the at least one processor from a first user, a selection of the first bet and an amount wagered in the first bet;

tracking, by the at least one processor, a current of the financial indicator until the designated future time;

determining, by the at least one processor, whether a value of the financial indicator at the designated future time is greater than the first value; and

settling, by the at least one processor, the first bet based on the act of determining whether a value of the financial indicator at the designated future time is greater than the first value.

12. The method of claim 11, in which the first value comprises the current value of the financial indicator, in which the first value dynamically changes as the current value of the financial indicator changes, in which the financial indicator comprises a financial index, and in which the current value of the financial indicator comprises a current value of the financial index.

13. The method of claim 12, further comprising causing the electronic display to display:

a second value of the financial indicator, in which the second value is one of (1) greater than the current value and (2) less than the current value, and in which the second value dynamically changes as the current value of the financial indicator changes

a third icon for selecting a third bet that the financial indicator will be greater than the second value at a designated future time;

a fourth icon for selecting a fourth bet that the financial indicator will be less than the second value at the designated future time;

third odds for the third bet; and

fourth odds for the fourth bet.

14. The method of claim 13, in which the second value is greater than the current value of the financial indicator, further comprising causing the electronic display to display:

a third value of the financial indicator, in which the third value is less than the current value, and in which the third value dynamically changes as the current value of the financial indicator changes

a fifth icon for selecting a fifth bet that the financial indicator will be greater than the third value at a designated future time;

a sixth icon for selecting a sixth bet that the financial indicator will be less than the third value at the designated future time;

fifth odds for the fifth bet; and

sixth odds for the sixth bet.

15. The method of claim 14, in which the third odds is equal to the sixth odds, and in which the fourth odds is equal to the fifth odds.

16. The method of claim 11, further comprising:

before receiving the selection of the first bet, causing the display to display the designated future time; and

before receiving a selection of the first bet, providing data associated with the wager to the first user, the data comprising historical information about the financial market value associated with the wager.

17. The method of claim 11, further comprising:

prior to causing the display to display the first odds, determining the first odds based on a volatility factor, a time factor, and the current value of the financial indicator.

18. The method of claim 11, in which the first value of the financial indicator comprises a value greater than the current value of the financial indicator.

19. The method of claim 11, in which the first value of the financial indicator comprises a value less than the current value of the financial indicator.

20. A non-transitory machine-readable medium having instructions stored thereon that are configured to cause at least one processor to:

cause an electronic display to display;

a first value of a financial indicator, the first value comprising a value determine based on a current value of the financial indicator;

a first icon for selecting a first bet that the financial indicator will be greater than the first value at a designated future time;

a second icon for selecting a second bet that the financial indicator will be less than the first value at the designated future time;

first odds for the first bet;

second odds for the second bet;

receiving, from a first user, a selection of the first bet and an amount wagered in the first bet;

track a current value of the financial indicator until the designated future time;

determine whether a value of the financial indicator at the designated future time is greater than the first value; and

settle the first bet based on the act of determining whether a value of the financial indicator at the designated future time is greater than the first value.