i

A review of recent patents in the betting genre revealed Microsoft, Sony, Reuters and Wall Street financial firm Cantor Fitzgerald to be either existing holders or applicants. A number of individual entrepreneurs are in the in the mix, too; patent No. 8,632,392, for example, was issued in 2014 for “systems and methods for enabling remote device users to wager on micro events of games.” And others have built virtual currency-based wagering systems designed to be implemented on social media platforms like Facebook.

The description contains plain words like “computer,” “real-time” and “online.” Figure 2, an accompanying diagram, shows the system’s entire process in an eight-step flow chart that ends with “determine payout of event.”

The patent application, published on May 6 by the United States Patent and Trademark Office, remains pending.

For the Full Article Click here : The Future of Sports Betting – How will sports betting be legalized in the United States and what will the marketplace look like?