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Exchange of entries corresponding to participants in a sports competition

  • US 8,684,827 B2
  • Filed: 09/14/2012
  • Issued: 04/01/2014
  • Est. Priority Date: 04/11/2003
  • Status: Active Grant
First Claim
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1. An apparatus, comprising:

  • a processor; and

    a memory having instructions stored thereon that are configured to cause the processor to;

    determine a first set of entries in a sports competition, in which each entry of the first set of entries corresponds to a respective team of a set of teams participating in the sports competition and in which the sports competition has one or more stages;

    distribute the first set of entries to a plurality of users;

    receive a buy order placed by a first user of the plurality of users, in which the buy order is associated with at least one entry of the first set of entries;

    receive a sell order placed by a second user of the plurality of users associated with the at least one entry of the first set of entries;

    match the buy order with the sell order and execute a trade of the at least one entry between the first user and the second user;

    determine a winning entry of the first set of entries based on at least one first outcome of the sports competition; and

    determine a payout to be paid to one or more users who hold the winning entry.

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