Application US20200302745

WAGERING ECOSYSTEM SYSTEM, APPARATUS AND METHOD
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US20200302745

1. A multi-jurisdictional exchange server located in a first jurisdiction, comprising: (6) (3)

a memory for storing processor-executable instructions;

a network interface for sending and receiving buy and sell orders for already-placed wagers via a wide-area network; and

a processor, coupled to the memory and the network interface, for executing the processor-executable instructions that causes the serve to: generate, by the processor, initial bet equalizers for future events or propositions whose outcome is uncertain;

distribute, by the processor via the network interface, the initial bet equalizers to a plurality of licensed book servers (“LBS”s) located in one or more different jurisdictions different than the first jurisdiction;

receive, by the processor via the network interface, a buy order to buy an already-placed wager;

receive, by the processor via the network interface, a sell order to sell the already-placed wager;

match, by the processor, at least one attribute of the buy order with at least one attribute of the sell order;

provide, by the processor via the user interface, a first notification to the first LBS that the first already-placed wager was purchased when a first attribute of the buy order matches a second attribute of the sell order; and

provide, by the processor via the user interface, a second notification to the second LBS that the first already-placed wager was sold when the first attribute of the sell order matches the first attribute of the buy order.

2. The server of claim 1, wherein the initial bet equalizers are selected from the group consisting of odds and a point spread. (0)

3. The server of claim 1, wherein the buy order is received by the first LBS in a second jurisdiction, and the sell order is received by a second LBS in a third jurisdiction. (0)

4. The server of claim 1, wherein a first attribute comprises an event ID that identifies a particular event or proposition that will occur in the future, and a second attribute comprises a price that a buyer is willing to pay for the already-placed wager or a price that a seller is willing to sell the already-placed wager, wherein the processor-executable instructions that causes the server to provide the first and second notifications to the first and second LBSs, respectively, comprise instructions that cause the server to: (4) (1)

provide the first notification and the second notification to the first LBS and the second LBS, respectively, when the event ID and the price of the buy order and the sell order match each other.

5. The server of claim 4, wherein a third attribute comprises a quantity, and the processor-executable instructions that causes the server to provide the first and second notifications to the first and second LBSs, respectively, comprise instructions that cause the server to: (0) (1)

6. The server of claim 4, wherein the processor-executable instructions comprises further instructions that causes the server to: (0) (2)

7. The server of claim 4, wherein a third attribute comprises a pair of team names, and the processor-executable instructions for modifying the bet equalizer comprises instructions that causes the server to: (0) (2)

17. The method of claim 4, wherein a third attribute comprises a pair of team names, wherein modifying the bet equalizer comprises: (0) (2)

8. The server of claim 1, wherein the processor-executable instructions comprise further instructions that causes the server to: (0) (6)

distribute, by the processor via the network interface, the initial bet equalizers to a plurality of Licensed Odds Disseminator Servers (LODSs), at least one of the plurality of LODS located in a different jurisdictions than the first jurisdiction;

receive, by the processor via the network interface, a first buy order to buy a first already-placed wager from a first LODS located in the third jurisdiction, the first buy order received by the second LODS from a first LBS located in the same jurisdiction as the first LODS;

receive, by the processor via the network interface, a first sell order to sell the first already-placed wager from a second LODS located in the second jurisdiction, the first already-placed wager received by the second LODS from a second LBS located in the same jurisdiction as the second LODS;

match at least one attribute of the first buy order with at least one attribute of the first sell order;

provide, by the processor via the network interface, a third notification to the first LODS when a third attribute of the first buy order matches a fourth attribute of the first sell order; and

provide, by the processor via the network interface, a fourth notification to the second LODS when the fourth attribute of the first sell order matches the third attribute of the first buy order.

9. The server of claim 1, wherein the buy order comprises a composite order to purchase a composite already-placed wager, the composite already-placed wager comprising a wager for an outcome of a group of future events and/or propositions to occur. (0)

10. The server of claim 1, wherein the processor-executable instructions comprise further instructions that causes the server to: (0) (5)

calculate, by the processor, overall odds of a plurality of future events and/or propositions;

provide, by the processor via the network interface, the overall odds to a first LBS located in a second jurisdiction and a second LBS located in a third jurisdiction;

receive, by the processor via the network interface, a result of a first event of the plurality of events;

calculate, by the processor, modified overall odds based on the result; and

provide, by the processor via the network interface, the modified odds to the first LBS and to the second LBS.

11. A method, performed by a multi-jurisdictional exchange server located in a first jurisdiction, comprising: (6) (7)

generating, by a processor of the exchange server, initial bet equalizers for future events or propositions whose outcome is uncertain;

distributing, by the processor via a network interface coupled to the processor, the initial bet equalizers to a plurality of licensed book servers (“LBS”s) located in one or more different jurisdictions different than the first jurisdiction;

receiving, by the processor via the network interface, a buy order to buy an already-placed wager;

receiving, by the processor via the network interface, a sell order to sell the already-placed wager;

matching, by the processor, at least one attribute of the buy order with at least one attribute of the sell order;

providing, by the processor via the user interface, a first notification to the first LBS that the first already-placed wager was purchased when a first attribute of the buy order matches a second attribute of the sell order; and

providing, by the processor via the user interface, a second notification to the second LBS that the first already-placed wager was sold when the first attribute of the sell order matches the first attribute of the buy order.

12. The method of claim 11, wherein the initial bet equalizers are selected from the group consisting of odds and a point spread. (0)

13. The method of claim 11, wherein the buy order is received by a first LBS in a second jurisdiction, and the sell order is received by a second LBS in a third jurisdiction. (0)

14. The method of claim 11, wherein a first attribute comprises an event ID that identifies a particular event or proposition that will occur in the future, and a second attribute comprises a price that a buyer is willing to pay for the already-placed wager or a price that a seller is willing to sell the already-placed wager, wherein providing the first and second notifications to the first and second LBSs, respectively, comprises: (2) (1)

providing the first notification and the second notification to the first LBS and the second LBS, respectively, when the event ID and the price of the buy order and the sell order match each other.

15. The method of claim 14, wherein a third attribute comprises a quantity, wherein providing the first and second notifications to the first and second LBSs, respectively, further comprising: (0) (1)

16. The method of claim 14, further comprising: (0) (2)

18. The method of claim 11, further comprising: (0) (6)

distributing, by the processor via the network interface, the initial bet equalizers to a plurality of Licensed Odds Disseminator Servers (LODSs), at least one of the plurality of LODS located in a different jurisdictions than the first jurisdiction;

receiving, by the processor via the network interface, a first buy order to buy a first already-placed wager from a first LODS located in the third jurisdiction, the first buy order received by the second LODS from a first LBS located in the same jurisdiction as the first LODS;

receiving, by the processor via the network interface, a first sell order to sell the first already-placed wager from a second LODS located in the second jurisdiction, the first already-placed wager received by the second LODS from a second LBS located in the same jurisdiction as the second LODS;

matching at least one attribute of the first buy order with at least one attribute of the first sell order;

providing, by the processor via the network interface, a third notification to the first LODS when a third attribute of the first buy order matches a fourth attribute of the first sell order; and

providing, by the processor via the network interface, a fourth notification to the second LODS when the fourth attribute of the first sell order matches the third attribute of the first buy order.

19. The method of claim 11, wherein the buy order comprises a composite order to purchase a composite already-placed wager, the composite already-placed wager comprising a wager for an outcome of a group of future events and/or propositions to occur. (0)

20. The method of claim 11, further comprising: (0) (5)

calculating, by the processor, overall odds of a plurality of future events and/or propositions;

providing, by the processor via the network interface, the overall odds to a first LBS located in a second jurisdiction and a second LBS located in a third jurisdiction;

receiving, by the processor via the network interface, a result of a first event of the plurality of events;

calculating, by the processor, modified overall odds based on the result; and

providing, by the processor via the network interface, the modified odds to the first LBS and to the second LBS.

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Application US20200302745

WAGERING ECOSYSTEM SYSTEM, APPARATUS AND METHOD

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