08088000 is referenced by 13 patents and cites 160 patents.

Systems and methods for real-time interactive wagering on event outcomes are presented. Clients are first qualified and given wagering limits before being allowed to interactively wager on event outcomes. Event outcomes may be based on, for example, financial markets and indices, sporting and entertainment events, casino performances, and natural phenomena such as weather and earthquakes. Events on which wagers can be placed include both those with known and unknown outcome probabilities, and wagers can be a fixed-odds type or a spread-bet type. Wager transactions, including acceptances and confirmations, are executed in real time. Clients can customize displays of events on which they are authorized to wager. Real-time client credit management, automatic dealer hedging, automatic price-spread adjustments, and automatic client and dealer defined wagering limits are also provided.

Title
Real-time interactive wagering on event outcomes
Application Number
12/106147
Publication Number
8088000 (B2)
Application Date
April 18, 2008
Publication Date
January 3, 2012
Inventor
Lewis Findlay
London
GB
Mary Ann Gilbert legal representative
Califon
NJ, US
Andrew C Gilbert
Califon
NJ, US
Howard W Lutnick
New York
NY, US
Philip M Ginsberg
Eastville
VA, US
Agent
Mark A Miller
Assignee
CFPH
NY, US
IPC
A63F 9/24
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