ALEXANDRIA, Va., March 24 -- United States Patent no. 12,586,445, issued on March 24, was assigned to DABBLE SPORTS PTY LTD (Darwin, Australia).

"System and method for contingency wagering" was invented by Thomas Rundle (East Melbourne, Australia), Scott Hutchens (East Melbourne, Australia), Dave Robin (East Melbourne, Australia), Jonathon Robin (East Melbourne, Australia) and Andrew Smith (East Melbourne, Australia).

According to the abstract* released by the U.S. Patent & Trademark Office: "Embodiments of the present disclosure provide a system and method for contingency wagering. The system provides a first user interface (UI) to create a plurality of user accounts and a second UI to establish connection between the plurality of user a...