ALEXANDRIA, Va., Dec. 16 -- United States Patent no. 12,499,739, issued on Dec. 16, was assigned to BetEx (Las Vegas).
"Prediction market betting and exchange system and methods" was invented by Bruce Merati (San Diego).
According to the abstract* released by the U.S. Patent & Trademark Office: "Various aspects of a prediction market ecosystem are described for punters and market makers to speculate on occurrence and non-occurrence of future events by placing bets on operators that take bets within their jurisdictions and can buy other punters bets that are placed with other operators through an exchange server that matches and executes trade orders that also allows operators to participate on the exchange to manage their risks and record...