18085697. WAGERING ON EVENTS IN A STREAMING ENVIRONMENT simplified abstract (IGT)
Contents
- 1 WAGERING ON EVENTS IN A STREAMING ENVIRONMENT
- 1.1 Organization Name
- 1.2 Inventor(s)
- 1.3 WAGERING ON EVENTS IN A STREAMING ENVIRONMENT - A simplified explanation of the abstract
- 1.4 Simplified Explanation
- 1.5 Key Features and Innovation
- 1.6 Potential Applications
- 1.7 Problems Solved
- 1.8 Benefits
- 1.9 Commercial Applications
- 1.10 Questions about the Technology
- 1.11 Original Abstract Submitted
WAGERING ON EVENTS IN A STREAMING ENVIRONMENT
Organization Name
Inventor(s)
Dwayne R. Nelson of Las Vegas NV (US)
Anthony Baerlocher of Henderson NV (US)
WAGERING ON EVENTS IN A STREAMING ENVIRONMENT - A simplified explanation of the abstract
This abstract first appeared for US patent application 18085697 titled 'WAGERING ON EVENTS IN A STREAMING ENVIRONMENT
Simplified Explanation
The patent application describes systems and methods that allow a user to place bets on a game being played by another user and streamed on a live streaming platform.
- Enables users to place wagers on games being streamed live.
- Involves two users - one playing the game and the other placing bets.
- Utilizes a live streaming platform for the game.
- Provides a unique way for users to engage with live gaming content.
- Enhances the interactive experience for viewers and bettors.
Key Features and Innovation
- Integration of live streaming platforms with betting capabilities.
- Facilitation of real-time interaction between users and games.
- Creation of a new form of entertainment and engagement for viewers.
- Enhancing the gaming experience by allowing users to participate in a different way.
- Combining the elements of gaming, live streaming, and betting in a seamless manner.
Potential Applications
The technology can be applied in:
- Online gaming platforms.
- Sports betting websites.
- Esports tournaments.
- Virtual reality gaming environments.
- Live event streaming services.
Problems Solved
- Lack of interactive features in traditional live streaming platforms.
- Limited engagement opportunities for viewers of live gaming content.
- Inability for users to participate actively in the gaming experience.
- Separation between gaming and betting activities.
- Limited options for combining gaming, live streaming, and betting in one platform.
Benefits
- Enhanced user engagement and interaction.
- Increased excitement and entertainment value for viewers.
- New revenue streams for gaming and streaming platforms.
- Integration of different elements of entertainment in one platform.
- Improved user experience through interactive features.
Commercial Applications
- Title: "Enhanced Interactive Gaming and Betting Platform"
- The technology can be used in online casinos, sports betting websites, and esports tournaments.
- Market Implications: Potential for increased user traffic and revenue generation for platforms offering this technology.
Questions about the Technology
How does this technology impact the gaming industry?
This technology revolutionizes the gaming industry by offering a new level of interactivity and engagement for users, bridging the gap between gaming, live streaming, and betting activities.
What are the potential legal considerations for platforms implementing this technology?
Platforms implementing this technology may need to consider regulations related to online gambling, user data protection, and fair gaming practices to ensure compliance with legal requirements.
Original Abstract Submitted
Systems and methods that enable a first user to place one or more wagers in association with a game being played by a second user and streamed by a live streaming platform.
