Betting method and system for debunking and validating statements

Abstract

We disclose a method for operating an online computer database system that enables users to create, match up and settle bet offers about whether an independent expert will judge a specified statement to be misleading or fair. The method, implemented via the computer system, displays these bet offers, thus providing a new way to debunk or validate a given statement.

1 . a method for operating a computer database system for the purpose of enabling bets that debunk and validate statements, said method comprising: 
 (a) a user entering a bet into said database, said bet being constructed upon the question of whether a specified statement is misleading or not misleading,    (b) enabling other users to find said bet,    (c) enabling users to make a bet offer upon said bet, an offer being composed of a choice of misleading or not misleading, and an amount of money to be risked upon said choice being agreed with be a system judge, and an odds figure that determines how much the user will risk in proportion to opposing users who have chosen the opposite side of the bet,    (d) matching up opposing bet offers to create a bet contract,    (e) enabling a judge to enter a decision as to which user's choice the judge agrees with and is consequently the winning choice,    (f) displaying the results of said bet contract.