ALEXANDRIA, Va., Dec. 31 -- United States Patent no. 12,511,978, issued on Dec. 30, was assigned to FanThreeSixty LLC (Leawood, Kan.).
"Real-time in-venue betting system" was invented by Nic Kline (Leawood, Kan.), Bart Hampton (Leawood, Kan.) and Jason Houseworth (Leawood, Kan.).
According to the abstract* released by the U.S. Patent & Trademark Office: "A system and method of placing a location-based bet is presented in embodiments herein. Bets, offers, and incentives, may be presented to a user via a mobile device based on a location of the mobile device relative to a geographic region. The geographic region may be associated with a sporting event or a sporting venue such as a sport arena. Different bets, offers, and incentives may be p...