ALEXANDRIA, Va., April 7 -- United States Patent no. 12,597,321, issued on April 7, was assigned to Majaluk LLC (Oakland, Calif.).
"Shot clock betting" was invented by James Edmond (Walnut Creek, Calif.) and Ceasar Anthony Davis (Covington, Ga.).
According to the abstract* released by the U.S. Patent & Trademark Office: "A method for accepting wagers during a live-streamed event includes receiving a data stream including time-stamped occurrences related to the event. The method further includes processing the data stream to determine an amount of time lag and determining whether a degree of synchronicity between the data stream and the event satisfies a threshold. The method further includes, in response to the synchronicity satisfying th...