Posted: 12/12/2012 11:38:23 AM
OK. I did some research. I actually got a hold of the guy who has the patent on person-to-person exchange wagering. For one reason or another, he doesn't want anything to do with anyone.
Fortunately upon further review, I found out that his patent is useless in the United States as person-to-person exchange wagering is deemed illegal by Gaming Control Statutes and Regulations.
Why? Because in effect, when an individual accepts an offer, he/she is in fact "booking" the action. And unless that individual has proper licensing, that's not going to fly.
So I am glad my patent is targeted the way it is. The only one who can accept an offer is a legal, licensed sportsbook. It makes sense.
BTW, the project is done and we'll be handing the entire project over to the Gaming Control Board by the end of the calendar year.