Piece of the Action

Lubove, Seth
April 2006
Forbes Asia;4/24/2006, Vol. 2 Issue 7, p27
The article reports on the claim of entrepreneur Lawrence Kohls that he invented the software mechanisms behind the Internet betting exchanges. He was given a U.S. patent on the brokerless futures exchange process in late March 2006. He exerts efforts to collect $ 15 million from Internet site Betfair and other betting exchanges for royalties. Background of Kohls is provided. Betfair disapproves that claim of Kohls.


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