Prediction market system and methods
First Claim
Patent Images
1. A prediction market system comprising:
- a computer system comprising a server computer and at least one database in electronic, digital communication over a network, connectable or accessible remotely through the network by at least one other remote computing device, the server running a software providing;
an automated market maker;
a liquidity management system (LMS) with administrative controls for the market maker for sensitivity, quantity, fulcrum and window that adjust a liquidity value;
an investment transaction graphical user interface (GUI) comprising an interactive slider interface with a slider control that allows one-step user selection to choose the amount of stock the user is to buy, sell or short-sell;
wherein the interactive slider interface is operable to be displayed in the GUI upon selection of a trade button, wherein upon selection of the trade button the interactive slider interface overlays existing content in the GUI;
wherein the investment transaction GUI permits buying, selling and short-selling stock with the same slider in a single action;
wherein the slider action in a first direction indicates selling or short-selling and slider action in the opposite direction indicates buying;
wherein the investment transaction GUI permits automated management of the LMS;
wherein the automated market maker creates liquidity in the system by providing ongoing buy, sell and short-sell orders that are logarithmically spaced in a price ladder; and
wherein the automated market maker automatically calculates and displays in the investment transaction GUI the amount of stock the user is to receive or sell in a prediction market;
thereby providing a prediction market system that is intuitive and gives good predictions.
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Abstract
Systems and methods for operating a prediction market, including methods for finding disagreement with the consensus among participants and methods for managing liquidity. Also, an interactive user interface to facilitate investing, with one user action, in a prediction market.
25 Citations
17 Claims
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1. A prediction market system comprising:
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a computer system comprising a server computer and at least one database in electronic, digital communication over a network, connectable or accessible remotely through the network by at least one other remote computing device, the server running a software providing; an automated market maker; a liquidity management system (LMS) with administrative controls for the market maker for sensitivity, quantity, fulcrum and window that adjust a liquidity value;
an investment transaction graphical user interface (GUI) comprising an interactive slider interface with a slider control that allows one-step user selection to choose the amount of stock the user is to buy, sell or short-sell;wherein the interactive slider interface is operable to be displayed in the GUI upon selection of a trade button, wherein upon selection of the trade button the interactive slider interface overlays existing content in the GUI;
wherein the investment transaction GUI permits buying, selling and short-selling stock with the same slider in a single action;wherein the slider action in a first direction indicates selling or short-selling and slider action in the opposite direction indicates buying; wherein the investment transaction GUI permits automated management of the LMS; wherein the automated market maker creates liquidity in the system by providing ongoing buy, sell and short-sell orders that are logarithmically spaced in a price ladder; and wherein the automated market maker automatically calculates and displays in the investment transaction GUI the amount of stock the user is to receive or sell in a prediction market;
thereby providing a prediction market system that is intuitive and gives good predictions. - View Dependent Claims (2, 3, 4, 5)
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6. A computer-readable code stored in a non-transitory storage medium and executable by one or more processors, comprising:
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a prediction market system with administrative controls for an automated market maker for sensitivity, quantity, fulcrum and window, that adjust a liquidity setting;
a graphical user interface (GUI) comprising a sliding investment transaction GUI with a slider that allows for selection of the amount of stock to buy or sell;wherein the sliding investment transaction GUI is operable to be displayed in the GUI upon selection of a trade button, wherein upon selection of the trade button the interactive slider interface overlays existing content in the GUI; wherein the slider action in a first direction indicates selling or short-selling and slider action in the opposite direction indicates buying; wherein the investment transaction GUI permits automated management of the LMS; wherein the automated market maker creates liquidity in the system by providing ongoing buy, sell and short-sell orders that are logarithmically spaced in a price ladder; and the system operable to automatically calculate and display the amount of stock to be received or sold in the sliding investment transaction GUI. - View Dependent Claims (7, 8)
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9. A computer-readable code stored in a non-transitory storage medium and executable by one or more processors, comprising:
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an electronic stock and commodities exchange system having liquidity controls for sensitivity, quantity, fulcrum and window, that adjust a liquidity setting; an interactive user investment transaction graphical user interface (GUI) comprising an interactive slider interface with a slider for choosing the amount of shares to buy or sell, the slider permitting buying and selling shares in a single sliding action; wherein the interactive slider interface is operable to be displayed in the GUI upon selection of a trade button, wherein upon selection of the trade button the interactive slider interface overlays existing content in the GUI; wherein the slider action in a first direction indicates selling or short-selling and slider action in the opposite direction indicates buying; wherein the investment transaction GUI permits automated management of the LMS; wherein the automated market maker creates liquidity in the system by providing ongoing buy, sell and short-sell orders that are logarithmically spaced in a price ladder; and wherein the GUI displays the amount of stock and/or commodities the user is to receive or sell in a prediction marketplace. - View Dependent Claims (10, 11, 12)
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13. A prediction market system comprising:
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at least one server, at least one database, and at least one remote device in communication over an electronic network; the at least one remote device having a graphical user interface (GUI) with administrative controls for adjustment of the liquidity values of an automated market maker, the liquidity values including sensitivity, quantity fulcrum and window; the GUI further comprising an interactive slider interface including a slider that allows one-step user selection to choose the amount of stock the user is to buy or sell, the slider movement in a first direction indicating selling and slider movement in the opposite direction indicating buying; wherein the interactive slider interface is operable to be displayed in the GUI upon selection of a trade button, wherein upon selection of the trade button the interactive slider interface overlays existing content in the GUI; wherein the investment transaction GUI permits automated management of the LMS; wherein the automated market maker creates liquidity in the system by providing ongoing buy, sell and short-sell orders that are logarithmically spaced in a price ladder; and wherein the automated marked maker automatically calculates and displays in the GUI the amount of stock the user is to receive or sell. - View Dependent Claims (14, 15, 16, 17)
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Specification