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U.S. Patent No. 12,406,284, which lists Commerce Secretary and former Cantor CEO Howard Lutnick as its primary inventor, covers geolocation technology commonly used in sports betting.

Geolocation services, which are typically purchased through third-party vendors, are used by sportsbook operators to ensure that their clients are placing wagers from jurisdictions in which sports wagering is legal.

“During prosecution, the Examiner did not apply the material prior art or straightforward combinations presented here, which render every challenged claim obvious,” according to a DraftKings filing with the patent office.

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“We’re confident that the question marks will be solved as we work through them. We’ll see the problems, learn how to manage them, and adapt.”

When Cubeia began their AI-journey, the objective was simple.

“When we started this journey, my only vision was: ‘Let’s not be writing code in August,’” Grenstad says.

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