US 12,249,221 B2
Localized betting system and method
Scott Carlson, Cheseaux-sur-Lausanne (CH); and José-Emmanuel Pont, Cheseaux-sur-Lausanne (CH)
Assigned to NAGRAVISION SARL, Cheseaux-sur-Lausanne (CH)
Filed by NAGRAVISION SARL, Cheseaux-sur-Lausanne (CH)
Filed on Jul. 18, 2023, as Appl. No. 18/223,066.
Application 18/223,066 is a continuation of application No. 17/396,440, filed on Aug. 6, 2021, granted, now 11,749,066.
Claims priority of application No. 20191202 (EP), filed on Aug. 14, 2020.
Prior Publication US 2024/0021053 A1, Jan. 18, 2024
This patent is subject to a terminal disclaimer.
Int. Cl. G07F 17/32 (2006.01); G06Q 50/34 (2012.01)
CPC G07F 17/3288 (2013.01) [G06Q 50/34 (2013.01); G07F 17/3223 (2013.01)] 21 Claims
OG exemplary drawing
 
1. An electronic betting system, the system including:
a smart contract generation module; and
a results engine located in a low-latency environment with the smart contract generation module and a device, wherein the smart contract generation module is configured to:
receive a betting statement from the device via a network, the network including a plurality of edge computing devices connected via a connection, each of the plurality of edge computing devices defining an entry point to the network;
generate a smart contract based on the betting statement, the smart contract including a criterion to be met and configured to self-execute in response to a determination that the criterion is met; and
transmit, via the network, the smart contract to a blockchain node;
wherein the results engine is configured, based on content received from a results source, to determine information indicative of whether the criterion of the smart contract is met; and
wherein the results engine is configured to transmit, via the network, a signal to the blockchain node for storage on a blockchain ledger or a copy of a blockchain ledger, the signal containing the information indicative of whether the criterion is met.