Azuro

What Azuro does

Azuro is a decentralized protocol for prediction markets that provides EVM-compatible infrastructure and developer tooling for building on-chain sports betting applications. Founded in 2021 and operating as AzuroDAO with the legal entity Azuro Ltd. registered in the Republic of Seychelles (company number 230364), the protocol serves three primary user types: web3 developers building consumer-facing apps, liquidity providers depositing capital into pooled smart contracts, and end-user bettors placing bets via third-party frontends. The company operates from Tucson, United States per firmographics data, with an 11-50 headcount and a DAO governance model where $AZUR token holders control protocol development.

The core technology consists of smart contracts deployed across multiple EVM-compatible chains (Gnosis as primary, plus Polygon, Base, and Chiliz), with the Solana network accessible via the PinWin.xyz frontend. Key technical components include a virtual Automated Market Maker (vAMM) for odds pricing without traditional market makers, a LiquidityTree smart contract system for managing pooled liquidity, and the V3 unified architecture (launched May 2025) that processes prematch and live bets offchain through new V3_Bet, V3_Condition, V3_Outcome, and V3_Selection entities. Azuro provides developers with TypeScript SDK and Toolkit NPM packages (@azuro-org/sdk, @azuro-org/toolkit, @azuro-org/dictionaries), a centralized Backend API for bet calculation and order management, a WebSocket API for real-time updates, and multi-chain subgraphs via The Graph protocol. Event resolution is governed by AzuroDAO.

The business model is protocol-level fee capture from betting volume flowing through the vAMM and liquidity pools, rather than direct consumer pricing. Distribution occurs through an open ecosystem of 10+ third-party frontends (bookmaker.XYZ, DexWin, DGBet, PinWin.xyz, Giraft, GambleF*kkers, Gamblr.xyz, YezBet) and a singleton shared liquidity pool across all apps. The company has raised $11 million across three funding rounds ($3.5M seed in January 2022 led by Flow Ventures, Gnosis, and Polymorphic Capital; $4M in June 2022 led by Hypersphere Ventures; $3.5M in April 2024 co-led by Arrington XRP Capital and SevenX Ventures). Marketing is developer-and-community-led through Discord, GitHub, Medium, and the Azuro UI Builders Hackathon, with a structured grant program distributing $500-$15,000 USDT per project. Geographic restrictions explicitly exclude the United States and approximately two dozen other jurisdictions, constraining the addressable market.

Name

Azuro

Legal name

Azuro Ltd.

Website

https://azuro.org

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Azuro is a decentralized prediction markets protocol providing EVM-compatible infrastructure (vAMM, LiquidityTree, multi-chain smart contracts) for developers to build on-chain sports betting apps. It serves web3 developers, liquidity providers, and bettors across Gnosis, Polygon, Base, Chiliz, and Solana.

Ownership category

akta.pro rank

Product category

Decentralized Prediction Markets Protocol

NAICS

Commodity Contracts Intermediation (523160), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Securities and Commodity Exchanges (52321), Gambling Industries (7132)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Finance Services (6199), Commodity Contracts Brokers & Dealers (6221)

akta.pro primary industry

Prediction Markets & Event-Based On-Chain Trading (FSADABAM)

akta.pro secondary industries

Prediction Markets & Information Finance (FSADAMAJ), Sportsbook Trading, Odds & Feed Providers (MPAEAKAB), Exchange Odds, Pricing, Trading Tools & APIs (MPAEAIAG), Smart Contract Execution Environments (EVM/WASM, runtimes, precompiles) (FSAPABAA)

Keywords

• Decentralized prediction markets
• Blockchain betting protocol
• Sports betting infrastructure
• Liquidity pool protocol
• Web3 developer SDK

Headquarters

HQ city

Tucson

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Infrastructure, Operations

Revenue model

1. Protocol Transaction Fees: Azuro earns revenue through protocol-level fees on betting transactions processed through its smart contracts. Liquidity providers earn yields from betting activity while the protocol takes a cut from the overall betting volume flowing through its vAMM and liquidity pools.
2. Liquidity Pool Management: Protocol manages liquidity pools where LPs deposit tokens to enable betting markets. The protocol structure allows for value capture through the spread in odds pricing and fee distribution to liquidity providers.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels8 records

Core offering

Azuro operates a decentralized prediction markets protocol providing the core infrastructure (smart contracts, pooled liquidity, virtual AMM pricing, and developer SDK/APIs) that third-party applications use to host sports betting and prediction market frontends. It monetizes through protocol-level fees on betting volume flowing through its shared liquidity pools across Gnosis, Polygon, Base, and Chiliz chains.

Product overview

Azuro is a decentralized prediction markets protocol providing tooling and infrastructure for EVM-compatible and multi-chain deployment (Gnosis, Polygon, Base, Chiliz, Solana) to host betting applications. The platform consists of the core Azuro Protocol (smart contracts with pooled liquidity), a suite of developer tools (SDK, Toolkit, Dictionaries npm packages), Backend and WebSocket APIs for data and real-time updates, and a growing ecosystem of frontend applications (bookmaker.XYZ, DexWin, DGBet, PinWin.xyz, Giraft, GambleF*kkers, Gamblr.xyz, YezBet) built on top of the protocol. The protocol supports features including Freebets, Cashouts, live betting, combo bets, and LP staking with the AZUR token governance.

Differentiator

Problem solved

Functional benefit

Products and services

• Azuro Protocol
• @azuro-org/sdk
• @azuro-org/toolkit
• @azuro-org/dictionaries
• Backend API
• WebSocket API
• Liquidity Pools
• AZUR Token
• Freebets
• Cashouts
• Azuro Protocol V3

Quantifiable outcome

• First live betting experience on-chain

Named customers8 records

Segments1 record

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature11 records

Partnerships

Two partnerships are on record, tiered core.

• EnviocoreTechnology or IntegrationAzuro and Envio partnered to offer a $1500 USDC developer grant for creating a multi-chain indexer using Envio SDK. The indexer shifts Azuro's subgraph indexing logic to Envio's multi-chain platform, enabling easier data aggregation across Gnosis and Polygon deployments. Grantee receives support via dedicated Discord channel.
• ChilizcoreStrategic or Co-development PartnerAzuro and Chiliz launched a joint developer grant program to boost adoption of on-chain sport prediction markets on Chiliz Chain. Grants distributed based on milestones: 25% advance, 25% on mainnet deployment, 25% after 6 months operation, 25% upon reaching 88 users. Focus on building new dApps or features on Azuro protocol running on Chiliz Chain.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Emerging players

• Myriad Markets: Myriad is a prediction market protocol incubated by Decrypt, operating across multiple chains. Comparable to Azuro as multi-chain event-prediction infrastructure targeting both crypto-native users and broader audiences, though earlier in traction.
• Limitless Exchange: Limitless is a newer prediction market and pre-IPO derivatives exchange on Base. Comparable to Azuro as on-chain prediction market infrastructure with event-based outcomes, though with a broader market scope beyond sports.

Broad incumbents

• Betfair Exchange: Betfair is the world's largest betting exchange, operating a centralized peer-to-peer order book with deep liquidity. Comparable to Azuro's exchange-style architecture but at massive centralized scale and across regulated markets.
• DraftKings: DraftKings is a publicly-traded US sportsbook and online gambling operator with massive liquidity, regulatory licenses, and brand recognition. Relevant as the centralized incumbent that defines the sports betting market Azuro targets, though with a fundamentally different regulatory and custody model.

Others

• Gnosis: Gnosis is both an investor in Azuro (seed round lead) and the primary blockchain on which Azuro's protocol was launched; Gnosis also built the Conditional Tokens framework widely used in DeFi prediction markets. Included as an enabling infrastructure and capital partner rather than a competitor.

Direct peers

• Overtime Markets: Overtime is a decentralized sports prediction market built on Optimism using a Thales-based AMM architecture. It is directly comparable to Azuro as a sports-focused on-chain prediction market with pooled liquidity and multiple frontends.
• DexSport: DexSport is a decentralized sports betting platform operating on multiple EVM chains with a focus on non-custodial wagering. Comparable to Azuro as multi-chain on-chain sportsbook infrastructure targeting Web3-native bettors.
• Augur: Augur is one of the earliest Ethereum-based prediction market protocols, allowing users to create markets on any event with REP-based oracle resolution. Comparable to Azuro as decentralized event-derivative infrastructure, though with broader market scope and lower sports specialization.
• Polymarket: Polymarket is the leading decentralized prediction market on crypto, offering event-based binary outcome trading with deep liquidity. It is the most direct competitor to Azuro in the on-chain prediction market category, with substantially higher trading volume and brand recognition.
• SX Bet: SX Bet is a decentralized sports betting exchange on the SX Network (rollup) offering a peer-to-peer order book model. Directly comparable as on-chain sports betting infrastructure serving crypto-native bettors with non-custodial execution.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/azuroprotocol
• GitHubgithub.com/Azuro-protocol
• Facebookfacebook.com/azuroprotocol
• LinkedInlinkedin.com/company/azuroprotocol

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds3 records

Investors27 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Azuro