A bet is one of the first forms of contract used by people. Today, however betting is plagued by lack of transparency & fairness, much because it's a system built on negative incentives putting bookmakers & players against each other. As a result, thousands of these contracts are broken every day.
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.
As a result we envision a betting environment with decreased cost of service to players, full transparency, community-run and with a commitment to responsibility.