Event Box Pool Marketplace Systems

US 10,490,028, assigned to Grids Of Skill LLC, covers an event marketplace system that allows box pool users to use their skills to increase their chance of winning the entire box pool, and/or to use their skills to enhance their gains even if their box does not win the entire box pool, and/or use their skill to limit or hedge their loss from participating in the pool, and is available for sale through IPApproach.

US Patents

1 granted

Assignee

Grids Of Skill LLC

Availability

For Sale

Patents Included

• US 10,490,028↗

Technology Highlights

• The invention relates to a computer-implemented method for operating a box pool marketplace utilizing a processor in communication with one or more user input devices. That includes the step of creating one or more box pools associated with one or more events, the boxes within the box pools are generated by the processor and transmitted to one or more user input devices for user interaction.
• The invention enables participants to invest or divest, adjust their risk exposure, and employ hedging strategies to improve their individual outcomes. Accordingly, the probability of winning is not limited to a fixed 1-in-100 chance.
• The invention provides participants with the opportunity to increase their chances of winning the entire box pool for an event by allowing them to purchase another participant's box that has an assigned value with a higher likelihood of winning.
• The invention enables participants to recover the cost of their box purchase or potentially earn significant gains by using their judgment to trade, buy, or sell boxes as the circumstances of the event change.
• The invention allows participants to view and compare box values across multiple grids for the same or different events. Participants can offer to sell, buy, or trade their boxes with other participants, and engage in any combination of these activities in whole or in part.
• The invention includes a processor of a control server configured to generate a grid of boxes for an event, the grid comprises any number of boxes. The central server is further configured to communicate, either through physical or wireless connections, with a local server connected to a user input interface.
• The invention displays the activities and information of users who have not purchased a box within a grid for a specific event. In an alternative, the user display also shows the activities and information of users participating in grids for other events.
• The invention includes a central server that is configured to allow users to communicate with each other before the event begins through a communication system that is separate from the transaction system used for offering to sell and selling, buy and buying, and trade and trading one or more boxes.
• The invention includes a system control server that is configured to process user transaction activities in real time, as well as to handle transactions between users in real time.
• The invention relates to a marketplace for user transactions, enabling participants to buy, sell, and trade boxes with other users before an event begins. The participants offer and execute trades, sales, or purchases of boxes, either in whole or in part, and may combine these activities in any manner.
• The invention calculates marketplace results either at the end of the event or at set intervals during the event. It determines winners, pays out amounts, and reconciles gains or losses based on pre-event transaction activity, and then distributes the results to the respective user accounts.
• The invention enables users to participate in auctions involving one or more boxes. The transaction activities include offering to buy or sell, trading (in whole or in part), and placing auction bids. When the marketplace is open, auction-related activities are the only transactions available to users.
• The invention relates to a kiosk that is designed to operate a box pool marketplace. A kiosk is a computer-based device that delivers information and services via a screen and can be placed in locations such as arcades, stadiums, malls, casinos, or other public spaces.

Overview

The technology disclosed provides the following advantages:

Listing updated August 21, 2026

IPApproach lists patents and portfolios where the seller has not requested anonymity or confidentiality. Patent numbers link to public records on Google Patents.