Patent ID: 8821257
Filing Date: 2014-09-02
Classification: G06Q

Abstract:
1. A computer system for providing a market for a plurality of participants to invest in a plurality of shares of corresponding sports competitors, the computer system comprising: a central processing unit; memory coupled to the central processing unit; a data bus coupled to the central processing unit; a persistent storage device coupled to the data bus; and a network interface device coupled to the data bus, the computer system being configured to: wherein the computer system is configured to redeem shares by calculating an amount that the credit balance of each participant should be modified in accordance with a plurality of values of corresponding ones of the shares at the conclusion of the period and the share holdings of a corresponding participant of the participants, wherein the values of the shares at the conclusion of the period is determined solely based on a benchmark ranking of the sports competitors at the conclusion of the period, wherein the benchmark ranking is an element selected from the group consisting of a sports season ending poll, a ranking based on points earned in accordance with performance in tournaments, a ranking based on a rating system, and a ranking based on an Elo rating system, wherein the benchmark ranking comprises at least three sports competitors, and wherein the value of the shares of a top ranked sports competitor of the at least three sports competitors and the value of the shares of the second ranked sports competitor of the at least three sports competitors are both non-zero.