Abstract: Various card devices and methods involving card devices are described. Other embodiments are also described.

Abstract: Methods and systems are provided herewith for rating a likelihood of payment of one or more cash flows. A computing device determines a probability of payment for one or more scheduled payments for each of one or more debt instruments in a debt instrument portfolio. The computing device may also determine a portfolio cash flow rating of the debt instrument portfolio based on the quantity and purchase price associated with each of the one or more debt instruments, the probability of payment for the one or more payments, a current market price of each of the one or more debt instruments, a net present expected value of the one or more payments in the payment schedule for each of the one or more debt instruments, and/or a credit rating of one or more issuers associated with the debt instruments.

Abstract: Methods and systems are provided for managing a wagering system. In one exemplary embodiment, state information of a live event such as a sports game may be received in real time. During the event, a plurality of possible future states of the event and their associated probabilities (and odds) may be determined based on the state information, historical information, and current in-game information. A betting market is created for betting on the possible future states at determined odds. The betting market is closed, and winning and losing bets are resolved based on updated state information.

Abstract: Methods and systems are provided herewith for creating and managing wagers on possible states within a live event, such as possible outcomes of subparts of a sporting event or other possible occurrences within the event. An initial state and multiple possible future states of a performance parameter of the event is determined based on state information of the event. A betting market may be created by determining probabilities and odds for the possible future states. The betting market is closed after bets are received and before an end of an initial state of the performance parameter. A payout may be made to a winner who selected the correct outcome of the performance parameter.

Abstract: Methods and systems are provided herewith for creating and managing wagers on possible states within a live event, such as possible outcomes of subparts of a sporting event or other possible occurrences within the event. An initial state and multiple possible future states of a performance parameter of the event is determined based on state information of the event. A betting market may be created by determining probabilities and odds for the possible future states. The betting market is closed after bets are received and before an end of an initial state of the performance parameter. A payout may be made to a winner who selected the correct outcome of the performance parameter.

Abstract: Various card devices and methods involving card devices are described. Other embodiments are also described.

Abstract: Methods and systems are provided herewith for exchanging and rating works of art. A value for each of a plurality of portfolios of art owned by a plurality of participants is determined Ownership interests in the plurality of portfolios of art are pooled in a legal ownership entity. For each participant, an initial participant value is determined based on the determined value of each portfolio of art owned by the respective participant. A respective quantity of shares of the legal ownership entity for each respective participant is determined based on the participant value determined for the participant. An indicia of the respective quantity of shares is transmitted to each respective participant. Participants may buy and sell usage and ownership interests in the portfolios of art. Participants may also redeem their shares for cash or other value.

Abstract: Systems and methods are provided for wagering during an event. In some embodiments, the system creates real-time markets for betting on outcomes during a live sporting event. The system determines odds for outcomes based on determined probabilities of those outcomes. A betting market is opened. A touch-sensitive display device displays a video of the game including a live image of a first location of a playing area. A bet is received from a first user based on touching the first location. After the betting market is closed, the bet outcome is resolved, and a payout is automatically paid to a winning bettor.

Abstract: Methods and systems are provided herewith for managing a wagering system. In one exemplary embodiment, a stream of state information of a live sporting event is received in real time. A computer processor determines an initial state and a plurality of possible future states of a first performance parameter of the live sporting event based on the stream of state information. After a beginning of the game and before the start of the event, a probability of occurrence is calculated for at least one of the plurality of possible future states of the first performance parameter based on historical data related to the first performance parameter. The plurality of possible future states are mutually exclusive from one another. During an initial state of the first performance parameter, a signal operative to open a first market for betting on the at least one of the plurality of possible future states is transmitted. The first market comprises betting odds based on the calculated probability of occurrence.

Abstract: Various card devices and methods involving card devices are described. Other embodiments are also described.

Abstract: Methods and systems are provided for managing a wagering system. In one exemplary embodiment, state information of a live event such as a sports game may be received in real time. During the event, a plurality of possible future states of the event and their associated probabilities (and odds) may be determined based on the state information, historical information, and current in-game information. A betting market is created for betting on the possible future states at determined odds. The betting market is closed, and winning and losing bets are resolved based on updated state information.

Abstract: Methods and systems are provided herewith for rating a likelihood of payment of one or more cash flows. A computing device determines a probability of payment for one or more payments on a payment schedule for each of one or more debt instruments of a debt instrument portfolio. The computing device may also determine a portfolio cash flow rating of the debt instrument portfolio based on the quantity and purchase price associated with each of the one or more debt instruments, the probability of payment for the one or more payments, a current market price of each of the one or more debt instruments, a net present expected value of the one or more payments in the payment schedule for each of the one or more debt instruments, and/or a credit rating of one or more issuers associated with the debt instruments.

Abstract: Methods and systems are provided herewith for exchanging and rating works of art. A value for each of a plurality of portfolios of art owned by a plurality of participants is determined Each portfolio of art comprises one or more works of art. Ownership interests of the plurality of portfolios of art are pooled in a legal ownership entity having an initial total number of shares. For each participant, an initial participant value is determined based on the determined value of each portfolio of art owned by the respective participant. A respective quantity of shares of the legal ownership entity to each respective participant is determined based on the participant value determined for the participant. An indicia of the respective quantity of shares is transmitted to each respective participant. In various embodiments, participants may buy and sell usage and ownership interests in the portfolios of art.

Abstract: Methods and systems are provided herewith for exchanging and rating works of art. A value for each of a plurality of portfolios of art owned by a plurality of participants is determined Ownership interests in the plurality of portfolios of art are pooled in a legal ownership entity. For each participant, an initial participant value is determined based on the determined value of each portfolio of art owned by the respective participant. A respective quantity of shares of the legal ownership entity for each respective participant is determined based on the participant value determined for the participant. An indicia of the respective quantity of shares is transmitted to each respective participant. Participants may buy and sell usage and ownership interests in the portfolios of art. Participants may also redeem their shares for cash or other value.

Abstract: Various card devices and methods involving card devices are described. Other embodiments are also described.

Abstract: Various card devices and methods involving card devices are described. Other embodiments are also described.

Abstract: Various card devices and methods involving card devices are described. Other embodiments are also described.

Abstract: Various card devices and methods involving card devices are described. Other embodiments are also described.

Abstract: Various card devices and methods involving card devices are described. Other embodiments are also described.

Abstract: Various card devices and methods involving card devices are described. Other embodiments are also described.