DUBLIN,  IRELAND: US facing sports betting Operators and software suppliers are now considering their cashout options as a recent US patent for cashout has been granted to Marketmaker Software Ltd, after an eleven year battle for recognition was resolved by the US Patent office.

Marketaker Software Ltd was behind the 2007 founded Oddsfutures exchange, that designed & launched many unique pricing & proprietary features into the online gambling market. The Oddsfutures exchange ceased trading in 2013 but the company principals continued with their patent application process with a view to potential future activity focused on a legal & regulated US online sports betting space. The US sports betting market has now changed significantly as licensing & regulation happens in many states.

Many European based sports betting Operators and software suppliers have been at the forefront of the changes in the US market, by bringing their regulated market experience to new partnerships to ensure that the nascent US regulated space has best of breed experience & product. In particular, software and product are key battlegrounds, as differences are identified around the needs & wants of the US sports bettor as well as the critical legal and regulatory requirements of both the individual states and federal oversight

European Operators & software providers are coming to realise that the US legal & regulatory environment has certain key differences. Of which, a principle concern is the different treatment of software, user experience, IP and patents. The US carries significant Federal protection for IP and Patents under US law. The cashout patent grant to Marketmaker Software Ltd, effective until 2029 is the most current high-profile example of how US federal law and patent protection differs from the European environment.