Esports Technologies, Inc. Files Patent for Electronic Sports Betting Exchange System
November 02, 2021 at 08:29 am EDT
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Esports Technologies, Inc. announced that it has filed a new patent application covering various embodiments of a novel esports betting exchange system. The patent application describes a private betting exchange model that is configured to offer operators and high-volume bettors greater liquidity and improved pricing in an esports betting environment where large bet sizes do not impact market prices. The systems and methods described in the patent application relate to users' ability to subscribe to certain betting markets, such as esports games, teams, players, and the like, and be grouped into larger order blocks, which leads to better liquidity matching and enhanced pricing for electronic gaming platforms. The technology provides an exciting new way to participate in esports betting. This filing represents the latest addition to Esports Technologies' portfolio of advanced wagering offerings. In August 2021, the company filed a provisional patent application for a technology that uses artificial intelligence to generate odds models for use in a betting algorithm for esports tournaments and various stages of a tournament. In June 2021, it filed a patent covering a proprietary live streaming technology that integrates sports and esports wagering across many of the most popular streaming platforms, including Twitch, YouTube, Facebook Gaming, and Hulu, among others.
EBET, Inc. operates platforms to provide a real money online gambling experience focused on i-gaming, including casino, sportsbook, and esports events. The Company operates under a Curacao gaming sublicense and under a strategic partnership with Aspire Global plc (Aspire), allowing the Company to provide online betting services to various countries around the world. The Company operates online casino and sportsbook brands consisting of Karamba, Hopa, Griffon Casino, BetTarget, Dansk777, and GenerationVIP. It operates six online wagering brands, through Websites and mobile applications, where it accepts deposits and funds from its customers and offer its customers the ability to use those funds to wager on slot and table games, live casino games as well as virtual sport computer simulated games and sports betting. The Company is focused on bringing better i-gaming products to market in order to cater to the Millennial and Gen-Z demographics in the wagering space.