ALEXANDRIA, Va., Aug. 12 -- United States Patent no. 12,387,568, issued on Aug. 12.
"Sports betting apparatus and method" was invented by Raymond Anthony Joao (Yonkers, N.Y.).
According to the abstract* released by the U.S. Patent & Trademark Office: "An apparatus, including a processor, and a distributed ledger and Blockchain technology system. The distributed ledger and Blockchain technology system processes information regarding an outcome of a bet or a lottery drawing on or for the sporting event, the gaming activity, the gambling activity, or the lottery drawing, determines if the bet or the lottery ticket is a winning or losing bet or a winning or losing lottery ticket, and processes information regarding or for effectuating a settl...