Azuro utilizes smart-contracts to build a decentralized betting protocol, which brings full transparency to the betting process. It also democratizes the business of sportsbetting by breaking down the role of the bookmaker into several smaller roles, openly available for anyone to benefit from: liquidity provision, front-end management, data provision via oracles, decentralized governance. Thus, Azuro combines key strengths of traditional betting and DeFi, not only providing a viable alternative for bettors of the world, but introducing key innovations which can enrich the betting experience substantially.