Patent ID: 9542803
Date: 2017-01-10
CPC Classifications: G07F

Claim:
1. A method comprising: receiving, via at least one processor, from a plurality of participants respective wagers relating to a first event, in which the wager submitted by a respective participant is done using an interface of a mobile device in use by that participant, and in which each mobile device is communicatively coupled to the at least one processor over an electronic network; determining an outcome of the first event; based, at least in part, on the outcome of the first event, computing from the plurality of participants one or more winning participants and an amount of points that is allocated to each winning participant; notifying each winning participant's mobile device of the amount of points that is allocated to the winning participant, the allocated points adjusting a point value of the respective winning participant; in response to a secondary event that is unrelated to the first event, receiving a verification code and a request to adjust the point values of at least two of the plurality of participants, in which the request comprises transferring a portion of points from a first of the plurality of participants to a second of the plurality of participants, in which the verification code authenticates the portion of points being transferred; and notifying the first and second participant's respective mobile device of an adjusted amount of points that is based on the portion of points being transferred.