US2021042834A1PendingUtilityA1

Interface for landfall location options

Assignee: CFPH LLCPriority: Jul 1, 2016Filed: Oct 23, 2020Published: Feb 11, 2021
Est. expiryJul 1, 2036(~9.9 yrs left)· nominal 20-yr term from priority
Inventors:Rich Jaycobs
G01W 1/10G06F 16/29G06Q 40/04G06Q 50/34G06Q 30/0639G07F 17/3288
69
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Claims

Abstract

An apparatus, method, and non-transitory medium for betting on weather predictions are disclosed herein. A plurality of longitude and latitude coordinate pairs may be received from a remote device. The display device may render data on a graphical user interface representing a binary option based on whether a storm will make landfall within the certain radius. The display device may show a plurality of landfall probabilities on the map. A request to purchase the binary option may be received. It may be determined whether the landfall location corresponds to a zip code associated with the given longitude latitude pair in the memory.

Claims

exact text as granted — not AI-modified
1 . (canceled) 
     
     
         2 . An apparatus comprising:
 a memory;   a display device;   a network interface to communicate with at least one remote device; at least one processor to:   receive from a remote device a plurality of longitude and latitude coordinate pairs;   generate in the memory an association between a given longitude and latitude pair and each zip code within a radius of the given longitude and latitude pair; detect selection of a given zip code;   render on the display device a graphical representation of a map and a circle around the given zip code on the map, the circle having a predetermined area;   change a shade level of the circle, the shade level indicating an available binary option based on whether a hurricane will make landfall within the zip code represented by the circle on the map;   render on the display device a plurality of landfall probabilities on the map;   in response to detecting the selection of the circle, receive data indicative of a request to purchase the binary option;   receive from a remote device a landfall location of the hurricane;   identify whether the landfall location corresponds to the given zip code; and   in response to identifying whether the landfall location corresponds to the given zip code, calculate a payout of the binary option such that the payout is at least partially based on a strength of the hurricane.   
     
     
         3 . The apparatus of  claim 2 , wherein the predetermined area is seventy-five miles. 
     
     
         4 . The apparatus of  claim 2 , wherein the at least one processor is further configured to alter a specificity of the plurality of longitude and latitude pairs. 
     
     
         5 . The apparatus of  claim 4 , wherein, to alter the specificity, the at least one processor is configured to round each of the longitude and latitude pairs. 
     
     
         6 . The apparatus of  claim 2 , wherein the at least one processor is further configured to render weather related news corresponding to an area within the circle on the map. 
     
     
         7 . A method comprising:
 receiving, by at least one processor, from a remote device a plurality of longitude and latitude coordinate pairs;   generating in a memory, by the at least one processor, an association between a given longitude and latitude pair and each zip code within a radius of the given longitude and latitude pair;   detecting, by the at least one processor, a selection of a given zip code;   rendering, by the at least one processor, a graphical representation of a map on a display device and a circle around the given zip code, the circle having a predetermined area;   changing, by the at least one processor, a shade level of the circle, the shade level indicating an available a binary option based on whether a hurricane will make landfall within the zip code represented by the circle shown on the map;   rendering, by the at least one processor, on the display device a plurality of landfall probabilities on the map;   detecting, by the at least one processor, a selection of the circle via the display;   in response to detecting the selection of the circle, receiving, by the at least one processor, data indicative of a request to purchase the binary option;   receiving, by the at least one processor, from a remote device a landfall location of the hurricane;   identifying, by the at least one processor, whether the landfall location corresponds to the given zip code; and   in response to identifying whether the landfall location corresponds to the given zip code, calculating, by the at least one processor, a payout of the binary option such that the payout is at least partially based on a strength of the hurricane.   
     
     
         8 . The method of  claim 7 , wherein the predetermined area is seventy-five miles. 
     
     
         9 . The method of  claim 7 , further comprising altering, by the at least one processor, a specificity of the plurality of longitude and latitude pairs. 
     
     
         10 . The method of  claim 9 , wherein altering the specificity further comprises rounding, by the at least one processor, each of the longitude and latitude pairs. 
     
     
         11 . The method of  claim 7 , further comprising rendering, by the at least one processor, weather related news corresponding to an area within the circle on the map. 
     
     
         12 . A non-transitory computer readable medium with instructions stored therein which upon execution instruct at least one processor to:
 receive from a remote device a plurality of longitude and latitude coordinate pairs;   generate in the memory an association between a given longitude and latitude pair and each zip code within a radius of the given longitude and latitude pair;   detect selection of a given zip code;   render on the display device a graphical representation of a map and a circle around the given zip code on the map, the circle having a predetermined area;   change a shade level of the circle, the shade level indicating an available binary option based on whether a hurricane will make landfall within the zip code represented by the circle on the map;   render on the display device a plurality of landfall probabilities on the map;   identify whether the landfall location corresponds to the given zip code; and   in response to identifying whether the landfall location corresponds to the given zip code, calculate a payout of the binary option such that the payout is at least partially based on a strength of the hurricane.

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