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Method and System for Determining Prices for Fantasy Sports Players and Teams

IP.com Disclosure Number: IPCOM000256523D
Publication Date: 2018-Dec-06
Document File: 2 page(s) / 70K

Publishing Venue

The IP.com Prior Art Database

Related People

Kevin Perkins: INVENTOR

Abstract

A method and system is disclosed for enabling fans of fantasy sports to create a fantasy sports team and compete for rewards. The method and system leverages buying and selling of one or more fantasy sports players and team for fans by generating real-time prices based on a stock market style auction, thereby leveraging engagement of fans leading up to and during the fantasy sports games.

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Method and System for Determining Prices for Fantasy Sports Players and Teams

Abstract

A method and system is disclosed for enabling fans of fantasy sports to create a fantasy sports team and compete for rewards.  The method and system leverages buying and selling of one or more fantasy sports players and team for fans by generating real-time prices based on a stock market style auction, thereby leveraging engagement of fans leading up to and during the fantasy sports games.

Description

Disclosed is a method and system for enabling fans of fantasy sports to create a fantasy sports team and compete for rewards.  The method and system leverages buying and selling of one or more fantasy sports players and team for fans by generating real-time prices based on a stock market style auction, thereby leveraging engagement of fans leading up to and during the fantasy sports games.

The following figure illustrates a website allowing fans to buy and sell one or more fantasy sports players to create a team.

                                                               Figure

Referring to the above figure, in accordance with the method and system, a website allows fans enables fans to buy and sell futures for fantasy teams' scores using funds in the fan’s account.  Accordingly, one or more fans chooses to either "buy" or "sell" contracts for a certain price to be further rewarded based on an estimation of the price, the...