20240038020. WAGERING NETWORK USING GEOLOCATION simplified abstract (AdrenalineIP)

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WAGERING NETWORK USING GEOLOCATION

Organization Name

AdrenalineIP

Inventor(s)

Casey Alexander Huke of Washington DC (US)

John Cronin of Jericho VT (US)

Joseph W. Beyers of Saratoga CA (US)

Michael D'andrea of Burlington VT (US)

WAGERING NETWORK USING GEOLOCATION - A simplified explanation of the abstract

This abstract first appeared for US patent application 20240038020 titled 'WAGERING NETWORK USING GEOLOCATION

Simplified Explanation

The patent application describes a method for disabling cash wagering in a play-by-play sports betting system, either based on regulations or user behavior. This system allows users to place bets on individual plays during a live sporting event, but instead of using cash, they can use points or other non-cash equivalents. This is particularly useful in jurisdictions where sports wagering is not allowed or as a means of promoting responsible gaming.

  • The innovation provides a way to disable cash wagering in a play-by-play sports betting system.
  • Users can still participate in the betting system by using points or other non-cash equivalents.
  • The system can be configured to comply with regulations in jurisdictions where sports wagering is not allowed.
  • It also promotes responsible gaming by offering an alternative to cash wagering.

Potential applications of this technology:

  • Online sports betting platforms can implement this method to comply with regulations in jurisdictions where cash wagering is prohibited.
  • Casinos and gambling establishments can use this system to offer a responsible gaming option to their customers.
  • Sports leagues and organizations can adopt this technology to allow fans to engage in play-by-play betting without using cash.

Problems solved by this technology:

  • Compliance with regulations in jurisdictions where sports wagering is not allowed.
  • Providing an alternative to cash wagering for users who want to participate in play-by-play betting.
  • Promoting responsible gaming by discouraging cash wagering.

Benefits of this technology:

  • Allows users to engage in play-by-play betting without violating regulations in certain jurisdictions.
  • Provides a responsible gaming option by using non-cash equivalents for wagering.
  • Enhances user experience by offering a secure and compliant betting system.


Original Abstract Submitted

a method of disabling cash wagering in a play-by-play sports betting system based on regulations and or user behavior. a user may wager on individual plays inside of a live sporting event. those wagers may be made for points, or other non-cash equivalents, in jurisdictions in which sports wagering is not allowed or as a means of ensuring responsible gaming.

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