System and Method for Wagering-Based Transferable Financial Instruments
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United States of America Patent
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app pub date -
May 8, 2007
filing date -
Apr 2, 2003
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Abandoned
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Abstract
An apparatus for providing a financial instrument comprises a memory operable to store a plurality of predefined states wherein each of the predefined states corresponds to at least one potential outcome of a probabilistic event. The memory further stores a plurality of predefined termination criteria wherein each predefined state corresponds to at least one predefined termination criteria. The memory further stores a financial instrument that is allocated a value based at least in part upon one of the plurality of predefined states. A processor is coupled to the memory and facilitates the transfer of the financial instrument.
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