Exacta awarded historic horse racing patent

(PRESS RELEASE) -- Exacta Systems announced today that it has been awarded a patent on its techniques for using multiple events that occurred in the past to generate a wagering outcome. The United States Patent and Trademark Office issued the patent to Exacta for its "System and Method of Wagering on a Plurality of Events" on 4 May 2021.

"We are very excited that the U.S. Patent Office has granted our patent on using a plurality of events to generate a wagering outcome," commented Exacta Systems CEO Jeremy Stein. "Our innovation opened up the possibilities to create fun, engaging, and competitive products for the historical horse racing industry. We are proud that our innovation encompasses the way historical horse racing systems currently operate. In the early days of HHR, a single race was used to generate outcomes. Though innovative, that approach dramatically limited gameplay and severely diminished HHR's potential to grow and compete in an expanding market. Exacta pioneered the system and method of using multiple past horse races to generate a wagering outcome, and we are gratified that our innovation has been protected by the U.S. Patent Office."