Micro-Gaming Ventures, LLC Announces USPTO Allowance of Patent for Innovative Location-Based Micro-Betting System
Prop betting with your smartphone
Revolutionary Patent Covers Method and System for Micro-Gaming, Enhancing User Experience in Online Wagering
January 27, 20203 - Micro-Gaming Ventures, LLC, a pioneer in the online gaming and wagering industry, is proud to announce that the United States Patent and Trademark Office (USPTO) has allowed its patent application for a groundbreaking location-based wagering method and system involving micro-betting. The allowed patent, U.S. Patent Application No. 17/156,599, represents a significant milestone in the evolution of online gaming, particularly in the niche but rapidly growing field of micro-betting.
Micro-betting, also known as micro-gaming or in-play betting, is a dynamic form of online wagering that focuses on small-scale, individual bets on targeted outcomes within a larger event. This innovative approach allows users to engage with live events in real-time, placing wagers on specific micro-events or outcomes, such as the next play in a sports game or a particular moment in an entertainment event.
The newly allowed patent covers a comprehensive system and method for location-based wagering, enabling users to access an online wagering service via a mobile device. Key features of the patented technology include but are not limited to:
A mobile device with a video display screen that supports simultaneous viewing of a macro-event activity and micro-event gaming data.
A micro-betting graphical user interface (GUI) and control function that defines the start and end of micro-betting opportunities.
Location-based authorization, ensuring secure access to the wagering service based on the user’s geographic location.
Real-time processing of micro-bets or groups of micro-bets, with dynamic updates and new betting opportunities offered to users.
A server-based system for processing wagers and generating results, delivering a seamless and engaging user experience.
The patent application underwent rigorous examination by the USPTO, overcoming rejections under 35 U.S.C. § 101 (related to patent eligibility, often referred to as the “Alice” rejection) and 35 U.S.C. § 103 (related to obviousness). The successful allowance of the patent underscores the novelty and non-obviousness of the technology, solidifying Micro-Gaming Ventures’ position as a leader in the online gaming industry.
About Micro-Gaming Ventures, LLC
Micro-Gaming Ventures, LLC is a forward-thinking company specializing in the development of innovative online gaming and wagering solutions. With a focus on micro-betting and location-based technologies, the company is dedicated to creating engaging, secure, and user-friendly platforms that redefine the online gaming experience.
For more information about Micro-Gaming Ventures, LLC and its patented micro-betting technology, please visit microgamingventures.com
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