US Patent Issued to CG Technology Development on Sept. 23 for "Wagering on event outcomes during the event" (British, American Inventors)

ALEXANDRIA, Va., Sept. 23 -- United States Patent no. 12,424,056, issued on Sept. 23, was assigned to CG Technology Development LLC (Las Vegas).

"Wagering on event outcomes during the event" was invented by Lee Amaitis (Las Vegas), Andrew Garrood (New York), Mike Colbert (Las Vegas), Heather Parks (Las Vegas), Anthony Storm (Hertfordshire, Great Britain), Foster Barton (London) and Thomas D. Bradshaw (New York).

According to the abstract* released by the U.S. Patent & Trademark Office: "Techniques for determining odds for electronic betting on a live sporting event automatically based on trusted sources are described. For example, information related to an in-progress, live sporting event is received from sources. Each source has a calcul...