System and method for a lottery and auction based tournament entry exchange platform

Abstract

A method of distributing, managing, and exchange entries in one or more activities is provided. The entries may be distributed by any suitable process including, without limitation an auction or lottery process. The distributed entries may be exchanged in a market environment. The exchange may operate on an electronic platform. Revenues may be collected from distributions and/or exchanges of entries. A portion of the revenues may be paid to one or more users who hold an one or more particular winning entries determined by any number of parameters and at the occurrence of any number of events.

What is claimed is: 
     
         1 . A method for conducting an exchange, comprising:
 distributing a first set of entries in at least one activity;   conducting after market trading of at least one of the entries between at least one buyer and at least one seller.