Create betting application API with FastAPI and SQLite

- Set up project structure with FastAPI and SQLite - Implement user authentication with JWT - Create database models for users, events, bets, and transactions - Add API endpoints for user management - Add API endpoints for events and betting functionality - Add wallet management for deposits and withdrawals - Configure Alembic for database migrations - Add linting with Ruff - Add documentation in README
2025-06-02 15:02:41 +00:00 · 2025-06-02 15:02:41 +00:00 · 4cfc9775ae
commit 4cfc9775ae
parent 72c80dc7cc
40 changed files with 2184 additions and 2 deletions
--- a/README.md
+++ b/README.md
@ -1,3 +1,182 @@
-# FastAPI Application
+# Betting Application API

-This is a FastAPI application bootstrapped by BackendIM, the AI-powered backend generation platform.
+A FastAPI-based backend for a betting application. This API provides functionality for user management, betting on events, wallet operations, and more.
+
+## Features
+
+- User authentication and management
+- Event creation and management
+- Betting functionality
+- Wallet management (deposits, withdrawals)
+- Transaction history
+- Admin features for event management and bet settlement
+
+## Requirements
+
+- Python 3.9+
+- SQLite database
+
+## Installation
+
+1. Clone the repository:
+
+```bash
+git clone https://github.com/yourusername/betting-application-api.git
+cd betting-application-api
+```
+
+2. Set up a virtual environment:
+
+```bash
+python -m venv venv
+source venv/bin/activate  # On Windows: venv\Scripts\activate
+```
+
+3. Install dependencies:
+
+```bash
+pip install -r requirements.txt
+```
+
+4. Create a `.env` file in the root directory with the following content (customize as needed):
+
+```
+# App configuration
+SECRET_KEY=yoursecretkey
+API_V1_STR=/api/v1
+PROJECT_NAME=betting-application-api
+ENVIRONMENT=development
+
+# JWT Settings
+ACCESS_TOKEN_EXPIRE_MINUTES=30
+JWT_ALGORITHM=HS256
+JWT_SECRET_KEY=your_jwt_secret_key
+
+# Security
+ALLOWED_HOSTS=["*"]
+
+# Admin user
+FIRST_SUPERUSER_EMAIL=admin@example.com
+FIRST_SUPERUSER_PASSWORD=admin123
+```
+
+5. Initialize the database and run migrations:
+
+```bash
+alembic upgrade head
+```
+
+## Running the API
+
+Start the API server:
+
+```bash
+uvicorn main:app --reload
+```
+
+The API will be available at http://localhost:8000.
+
+API documentation is available at:
+- Swagger UI: http://localhost:8000/docs
+- ReDoc: http://localhost:8000/redoc
+
+## API Endpoints
+
+### Authentication
+
+- `POST /api/v1/auth/login` - Get access token (OAuth2)
+
+### Users
+
+- `POST /api/v1/users` - Register a new user
+- `GET /api/v1/users/me` - Get current user information
+- `PUT /api/v1/users/me` - Update current user information
+- `GET /api/v1/users/{user_id}` - Get user by ID (admin or self)
+- `GET /api/v1/users` - List all users (admin only)
+
+### Events
+
+- `GET /api/v1/events` - List all events (filter by status)
+- `POST /api/v1/events` - Create a new event (admin only)
+- `GET /api/v1/events/{event_id}` - Get event by ID
+- `PUT /api/v1/events/{event_id}` - Update event (admin only)
+- `DELETE /api/v1/events/{event_id}` - Delete event (admin only)
+- `POST /api/v1/events/outcomes/{outcome_id}/settle` - Settle an outcome (admin only)
+
+### Bets
+
+- `GET /api/v1/bets` - List user's bets (filter by status)
+- `POST /api/v1/bets` - Place a new bet
+- `GET /api/v1/bets/{bet_id}` - Get bet by ID
+- `POST /api/v1/bets/{bet_id}/cancel` - Cancel a pending bet
+
+### Wallet
+
+- `GET /api/v1/wallet/balance` - Get user's balance
+- `GET /api/v1/wallet/transactions` - Get user's transaction history
+- `POST /api/v1/wallet/deposit` - Deposit funds
+- `POST /api/v1/wallet/withdraw` - Withdraw funds
+
+### Health Check
+
+- `GET /health` - API health check
+
+## Models
+
+### User
+
+- id: Unique identifier
+- email: User's email (unique)
+- full_name: User's full name
+- is_active: User account status
+- is_admin: Admin privileges flag
+- balance: User's wallet balance
+
+### Event
+
+- id: Unique identifier
+- name: Event name
+- description: Event description
+- start_time: When the event starts
+- end_time: When the event ends
+- status: upcoming, live, finished, or cancelled
+
+### Market
+
+- id: Unique identifier
+- event_id: Associated event
+- name: Market name
+- is_active: Market availability status
+
+### Outcome
+
+- id: Unique identifier
+- market_id: Associated market
+- name: Outcome name
+- odds: Betting odds
+- is_winner: Result status
+- is_active: Outcome availability status
+
+### Bet
+
+- id: Unique identifier
+- user_id: User who placed the bet
+- outcome_id: The selected outcome
+- amount: Bet amount
+- odds: Odds at time of bet
+- potential_win: Potential winnings
+- status: pending, won, lost, cancelled, or voided
+
+### Transaction
+
+- id: Unique identifier
+- user_id: Associated user
+- amount: Transaction amount
+- transaction_type: deposit, withdrawal, bet_placed, bet_won, bet_lost, or bet_refund
+- status: pending, completed, failed, or cancelled
+- reference: External reference (optional)
+- bet_id: Associated bet (optional)
+
+## License
+
+MIT
--- a/alembic.ini
+++ b/alembic.ini
@ -0,0 +1,85 @@
+# A generic, single database configuration.
+
+[alembic]
+# path to migration scripts
+script_location = migrations
+
+# template used to generate migration files
+file_template = %%(year)d%%(month).2d%%(day).2d_%%(hour).2d%%(minute).2d%%(second).2d_%%(slug)s
+
+# timezone to use when rendering the date within the migration file
+# as well as the filename.
+# string value is passed to dateutil.tz.gettz()
+# leave blank for localtime
+# timezone =
+
+# max length of characters to apply to the
+# "slug" field
+truncate_slug_length = 40
+
+# set to 'true' to run the environment during
+# the 'revision' command, regardless of autogenerate
+# revision_environment = false
+
+# set to 'true' to allow .pyc and .pyo files without
+# a source .py file to be detected as revisions in the
+# versions/ directory
+# sourceless = false
+
+# version location specification; this defaults
+# to migrations/versions.  When using multiple version
+# directories, initial revisions must be specified with --version-path
+# version_locations = %(here)s/bar %(here)s/bat migrations/versions
+
+# the output encoding used when revision files
+# are written from script.py.mako
+# output_encoding = utf-8
+
+# SQLite URL example
+sqlalchemy.url = sqlite:////app/storage/db/db.sqlite
+
+[post_write_hooks]
+# post_write_hooks defines scripts or Python functions that are run
+# on newly generated revision scripts.  See the documentation for further
+# detail and examples
+
+# format using "black" - use the console_scripts runner, against the "black" entrypoint
+# hooks=black
+# black.type=console_scripts
+# black.entrypoint=black
+# black.options=-l 79
+
+# Logging configuration
+[loggers]
+keys = root,sqlalchemy,alembic
+
+[handlers]
+keys = console
+
+[formatters]
+keys = generic
+
+[logger_root]
+level = WARN
+handlers = console
+qualname =
+
+[logger_sqlalchemy]
+level = WARN
+handlers =
+qualname = sqlalchemy.engine
+
+[logger_alembic]
+level = INFO
+handlers =
+qualname = alembic
+
+[handler_console]
+class = StreamHandler
+args = (sys.stderr,)
+level = NOTSET
+formatter = generic
+
+[formatter_generic]
+format = %(levelname)-5.5s [%(name)s] %(message)s
+datefmt = %H:%M:%S
--- a/app/api/init.py
+++ b/app/api/init.py
--- a/app/api/deps.py
+++ b/app/api/deps.py
@ -0,0 +1,61 @@
+from collections.abc import Generator
+
+from fastapi import Depends, HTTPException, status
+from fastapi.security import OAuth2PasswordBearer
+from jose import jwt
+from pydantic import ValidationError
+from sqlalchemy.orm import Session
+
+from app import crud, models, schemas
+from app.core.config import settings
+from app.db.session import SessionLocal
+
+oauth2_scheme = OAuth2PasswordBearer(
+    tokenUrl=f"{settings.API_V1_STR}/auth/login",
+)
+
+
+def get_db() -> Generator:
+    try:
+        db = SessionLocal()
+        yield db
+    finally:
+        db.close()
+
+
+def get_current_user(
+    db: Session = Depends(get_db), token: str = Depends(oauth2_scheme),
+) -> models.User:
+    try:
+        payload = jwt.decode(
+            token, settings.JWT_SECRET_KEY, algorithms=[settings.JWT_ALGORITHM],
+        )
+        token_data = schemas.TokenPayload(**payload)
+    except (jwt.JWTError, ValidationError):
+        raise HTTPException(
+            status_code=status.HTTP_401_UNAUTHORIZED,
+            detail="Could not validate credentials",
+            headers={"WWW-Authenticate": "Bearer"},
+        )
+    user = crud.get_user(db, user_id=token_data.sub)
+    if not user:
+        raise HTTPException(status_code=404, detail="User not found")
+    return user
+
+
+def get_current_active_user(
+    current_user: models.User = Depends(get_current_user),
+) -> models.User:
+    if not current_user.is_active:
+        raise HTTPException(status_code=400, detail="Inactive user")
+    return current_user
+
+
+def get_current_admin_user(
+    current_user: models.User = Depends(get_current_user),
+) -> models.User:
+    if not current_user.is_admin:
+        raise HTTPException(
+            status_code=status.HTTP_403_FORBIDDEN, detail="Not enough permissions",
+        )
+    return current_user
--- a/app/api/v1/init.py
+++ b/app/api/v1/init.py
--- a/app/api/v1/api.py
+++ b/app/api/v1/api.py
@ -0,0 +1,11 @@
+from fastapi import APIRouter
+
+from app.api.v1.endpoints import auth, bets, events, users, wallet
+
+api_router = APIRouter()
+
+api_router.include_router(auth.router, prefix="/auth", tags=["Authentication"])
+api_router.include_router(users.router, prefix="/users", tags=["Users"])
+api_router.include_router(events.router, prefix="/events", tags=["Events"])
+api_router.include_router(bets.router, prefix="/bets", tags=["Bets"])
+api_router.include_router(wallet.router, prefix="/wallet", tags=["Wallet"])
--- a/app/api/v1/endpoints/init.py
+++ b/app/api/v1/endpoints/init.py
--- a/app/api/v1/endpoints/auth.py
+++ b/app/api/v1/endpoints/auth.py
@ -0,0 +1,41 @@
+from datetime import timedelta
+from typing import Any
+
+from fastapi import APIRouter, Depends, HTTPException, status
+from fastapi.security import OAuth2PasswordRequestForm
+from sqlalchemy.orm import Session
+
+from app import crud, schemas
+from app.api.deps import get_db
+from app.core.config import settings
+from app.core.security import create_access_token
+
+router = APIRouter()
+
+
+@router.post("/login", response_model=schemas.Token)
+def login_access_token(
+    db: Session = Depends(get_db), form_data: OAuth2PasswordRequestForm = Depends(),
+) -> Any:
+    """
+    OAuth2 compatible token login, get an access token for future requests.
+    """
+    user = crud.authenticate(db, email=form_data.username, password=form_data.password)
+    if not user:
+        raise HTTPException(
+            status_code=status.HTTP_401_UNAUTHORIZED,
+            detail="Incorrect email or password",
+            headers={"WWW-Authenticate": "Bearer"},
+        )
+    elif not user.is_active:
+        raise HTTPException(
+            status_code=status.HTTP_400_BAD_REQUEST, detail="Inactive user",
+        )
+    
+    access_token_expires = timedelta(minutes=settings.ACCESS_TOKEN_EXPIRE_MINUTES)
+    return {
+        "access_token": create_access_token(
+            user.id, expires_delta=access_token_expires,
+        ),
+        "token_type": "bearer",
+    }
--- a/app/api/v1/endpoints/bets.py
+++ b/app/api/v1/endpoints/bets.py
@ -0,0 +1,137 @@
+from typing import Any, Optional
+
+from fastapi import APIRouter, Depends, HTTPException
+from sqlalchemy.orm import Session
+
+from app import crud, models, schemas
+from app.api import deps
+from app.models.bet import BetStatus
+
+router = APIRouter()
+
+
+@router.get("/", response_model=list[schemas.Bet])
+def read_bets(
+    db: Session = Depends(deps.get_db),
+    skip: int = 0,
+    limit: int = 100,
+    status: Optional[BetStatus] = None,
+    current_user: models.User = Depends(deps.get_current_active_user),
+) -> Any:
+    """
+    Retrieve bets for current user.
+    """
+    bets = crud.get_user_bets(
+        db, user_id=current_user.id, skip=skip, limit=limit, status=status,
+    )
+    return bets
+
+
+@router.post("/", response_model=schemas.Bet)
+def create_bet(
+    *,
+    db: Session = Depends(deps.get_db),
+    bet_in: schemas.BetCreate,
+    current_user: models.User = Depends(deps.get_current_active_user),
+) -> Any:
+    """
+    Create a new bet.
+    """
+    # Check if user has enough balance
+    if current_user.balance < bet_in.amount:
+        raise HTTPException(
+            status_code=400, detail="Insufficient balance for this bet",
+        )
+    
+    # Check if amount is positive
+    if bet_in.amount <= 0:
+        raise HTTPException(
+            status_code=400, detail="Bet amount must be greater than 0",
+        )
+    
+    # Check if outcome exists and is active
+    outcome = crud.get_outcome(db, outcome_id=bet_in.outcome_id)
+    if not outcome:
+        raise HTTPException(status_code=404, detail="Outcome not found")
+    
+    if not outcome.is_active:
+        raise HTTPException(status_code=400, detail="This outcome is not available for betting")
+    
+    # Check if market is active
+    if not outcome.market.is_active:
+        raise HTTPException(status_code=400, detail="This market is not available for betting")
+    
+    # Check if event is upcoming or live
+    event = outcome.market.event
+    if event.status not in [models.event.EventStatus.UPCOMING, models.event.EventStatus.LIVE]:
+        raise HTTPException(
+            status_code=400, 
+            detail=f"Cannot place bets on events with status {event.status}",
+        )
+    
+    bet = crud.create_bet(db, bet_in=bet_in, user_id=current_user.id)
+    if not bet:
+        raise HTTPException(status_code=400, detail="Could not create bet")
+    
+    return bet
+
+
+@router.get("/{bet_id}", response_model=schemas.Bet)
+def read_bet(
+    *,
+    db: Session = Depends(deps.get_db),
+    bet_id: int,
+    current_user: models.User = Depends(deps.get_current_active_user),
+) -> Any:
+    """
+    Get specific bet by ID.
+    """
+    bet = crud.get_bet(db, bet_id=bet_id)
+    if not bet:
+        raise HTTPException(status_code=404, detail="Bet not found")
+    
+    # Only allow user to see their own bets (or admin)
+    if bet.user_id != current_user.id and not current_user.is_admin:
+        raise HTTPException(status_code=403, detail="Not enough permissions")
+    
+    return bet
+
+
+@router.post("/{bet_id}/cancel", response_model=schemas.Bet)
+def cancel_bet(
+    *,
+    db: Session = Depends(deps.get_db),
+    bet_id: int,
+    current_user: models.User = Depends(deps.get_current_active_user),
+) -> Any:
+    """
+    Cancel a pending bet.
+    """
+    bet = crud.get_bet(db, bet_id=bet_id)
+    if not bet:
+        raise HTTPException(status_code=404, detail="Bet not found")
+    
+    # Only allow user to cancel their own bets (or admin)
+    if bet.user_id != current_user.id and not current_user.is_admin:
+        raise HTTPException(status_code=403, detail="Not enough permissions")
+    
+    # Only pending bets can be cancelled
+    if bet.status != BetStatus.PENDING:
+        raise HTTPException(
+            status_code=400, 
+            detail=f"Cannot cancel a bet with status {bet.status}",
+        )
+    
+    # Get the outcome and check if event has started
+    outcome = crud.get_outcome(db, outcome_id=bet.outcome_id)
+    event = outcome.market.event
+    
+    # Only allow cancellation if event hasn't started yet
+    if event.status != models.event.EventStatus.UPCOMING:
+        raise HTTPException(
+            status_code=400,
+            detail="Cannot cancel bets on events that have already started",
+        )
+    
+    bet = crud.update_bet_status(db, bet_id=bet_id, status=BetStatus.CANCELLED)
+    return bet
--- a/app/api/v1/endpoints/events.py
+++ b/app/api/v1/endpoints/events.py
@ -0,0 +1,124 @@
+from typing import Any, Optional
+
+from fastapi import APIRouter, Depends, HTTPException, Query
+from sqlalchemy.orm import Session
+
+from app import crud, models, schemas
+from app.api import deps
+from app.models.event import EventStatus
+
+router = APIRouter()
+
+
+@router.get("/", response_model=list[schemas.Event])
+def read_events(
+    db: Session = Depends(deps.get_db),
+    skip: int = 0,
+    limit: int = 100,
+    status: Optional[EventStatus] = None,
+) -> Any:
+    """
+    Retrieve events.
+    """
+    events = crud.get_events(db, skip=skip, limit=limit, status=status)
+    return events
+
+
+@router.post("/", response_model=schemas.Event)
+def create_event(
+    *,
+    db: Session = Depends(deps.get_db),
+    event_in: schemas.EventCreate,
+    _: models.User = Depends(deps.get_current_admin_user),  # Admin check only
+) -> Any:
+    """
+    Create new event. Admin only.
+    """
+    event = crud.create_event(db, event_in=event_in)
+    return event
+
+
+@router.get("/{event_id}", response_model=schemas.Event)
+def read_event(
+    *,
+    db: Session = Depends(deps.get_db),
+    event_id: int,
+) -> Any:
+    """
+    Get specific event by ID.
+    """
+    event = crud.get_event(db, event_id=event_id)
+    if not event:
+        raise HTTPException(status_code=404, detail="Event not found")
+    return event
+
+
+@router.put("/{event_id}", response_model=schemas.Event)
+def update_event(
+    *,
+    db: Session = Depends(deps.get_db),
+    event_id: int,
+    event_in: schemas.EventUpdate,
+    _: models.User = Depends(deps.get_current_admin_user),  # Admin check only
+) -> Any:
+    """
+    Update an event. Admin only.
+    """
+    event = crud.get_event(db, event_id=event_id)
+    if not event:
+        raise HTTPException(status_code=404, detail="Event not found")
+    event = crud.update_event(db, db_event=event, event_in=event_in)
+    return event
+
+
+@router.delete("/{event_id}", status_code=204, response_model=None)
+def delete_event(
+    *,
+    db: Session = Depends(deps.get_db),
+    event_id: int,
+    _: models.User = Depends(deps.get_current_admin_user),  # Admin check only
+) -> None:
+    """
+    Delete an event. Admin only.
+    """
+    event = crud.get_event(db, event_id=event_id)
+    if not event:
+        raise HTTPException(status_code=404, detail="Event not found")
+    
+    # Check if there are any bets placed
+    if event.markets:
+        for market in event.markets:
+            if market.outcomes:
+                for outcome in market.outcomes:
+                    if outcome.bets:
+                        raise HTTPException(
+                            status_code=400, 
+                            detail="Cannot delete event with existing bets"
+                        )
+    
+    crud.delete_event(db, event_id=event_id)
+
+
+@router.post("/outcomes/{outcome_id}/settle", response_model=schemas.Outcome)
+def settle_outcome(
+    *,
+    db: Session = Depends(deps.get_db),
+    outcome_id: int,
+    is_winner: bool,
+    _: models.User = Depends(deps.get_current_admin_user),  # Admin check only
+) -> Any:
+    """
+    Settle an outcome as win or lose. Admin only.
+    This will also settle all related bets.
+    """
+    outcome = crud.get_outcome(db, outcome_id=outcome_id)
+    if not outcome:
+        raise HTTPException(status_code=404, detail="Outcome not found")
+    
+    # Set the outcome as winner or loser
+    outcome = crud.settle_outcome(db, outcome_id=outcome_id, is_winner=is_winner)
+    
+    # Settle all bets for this outcome
+    crud.settle_bets_for_outcome(db, outcome_id=outcome_id, is_winner=is_winner)
+    
+    return outcome
--- a/app/api/v1/endpoints/users.py
+++ b/app/api/v1/endpoints/users.py
@ -0,0 +1,97 @@
+from typing import Any
+
+from fastapi import APIRouter, Body, Depends, HTTPException
+from fastapi.encoders import jsonable_encoder
+from pydantic import EmailStr
+from sqlalchemy.orm import Session
+
+from app import crud, models, schemas
+from app.api import deps
+
+router = APIRouter()
+
+
+@router.post("/", response_model=schemas.User)
+def create_user(
+    *,
+    db: Session = Depends(deps.get_db),
+    user_in: schemas.UserCreate,
+) -> Any:
+    """
+    Create new user.
+    """
+    user = crud.get_user_by_email(db, email=user_in.email)
+    if user:
+        raise HTTPException(
+            status_code=400,
+            detail="The user with this email already exists in the system.",
+        )
+    user = crud.create_user(db, user=user_in)
+    return user
+
+
+@router.get("/me", response_model=schemas.User)
+def read_user_me(
+    current_user: models.User = Depends(deps.get_current_active_user),
+) -> Any:
+    """
+    Get current user.
+    """
+    return current_user
+
+
+@router.put("/me", response_model=schemas.User)
+def update_user_me(
+    *,
+    db: Session = Depends(deps.get_db),
+    full_name: str = Body(None),
+    email: EmailStr = Body(None),
+    password: str = Body(None),
+    current_user: models.User = Depends(deps.get_current_active_user),
+) -> Any:
+    """
+    Update own user.
+    """
+    current_user_data = jsonable_encoder(current_user)
+    user_in = schemas.UserUpdate(**current_user_data)
+    if full_name is not None:
+        user_in.full_name = full_name
+    if email is not None:
+        user_in.email = email
+    if password is not None:
+        user_in.password = password
+    user = crud.update_user(db, db_user=current_user, user_in=user_in)
+    return user
+
+
+@router.get("/{user_id}", response_model=schemas.User)
+def read_user_by_id(
+    user_id: int,
+    current_user: models.User = Depends(deps.get_current_active_user),
+    db: Session = Depends(deps.get_db),
+) -> Any:
+    """
+    Get a specific user by id.
+    """
+    user = crud.get_user(db, user_id=user_id)
+    if user == current_user:
+        return user
+    if not current_user.is_admin:
+        raise HTTPException(
+            status_code=403, detail="The user doesn't have enough privileges"
+        )
+    return user
+
+
+@router.get("/", response_model=list[schemas.User])
+def read_users(
+    db: Session = Depends(deps.get_db),
+    skip: int = 0,
+    limit: int = 100,
+    _: models.User = Depends(deps.get_current_admin_user),  # Admin check only
+) -> Any:
+    """
+    Retrieve users. Admin only.
+    """
+    users = crud.get_users(db, skip=skip, limit=limit)
+    return users
--- a/app/api/v1/endpoints/wallet.py
+++ b/app/api/v1/endpoints/wallet.py
@ -0,0 +1,91 @@
+from typing import Any, Optional
+
+from fastapi import APIRouter, Depends, HTTPException
+from sqlalchemy.orm import Session
+
+from app import crud, models, schemas
+from app.api import deps
+from app.models.transaction import TransactionType
+
+router = APIRouter()
+
+
+@router.get("/balance", response_model=float)
+def get_balance(
+    current_user: models.User = Depends(deps.get_current_active_user),
+) -> float:
+    """
+    Get current user's balance.
+    """
+    return current_user.balance
+
+
+@router.get("/transactions", response_model=list[schemas.Transaction])
+def read_transactions(
+    db: Session = Depends(deps.get_db),
+    skip: int = 0,
+    limit: int = 100,
+    transaction_type: Optional[TransactionType] = None,
+    current_user: models.User = Depends(deps.get_current_active_user),
+) -> Any:
+    """
+    Retrieve transactions for current user.
+    """
+    transactions = crud.get_user_transactions(
+        db, user_id=current_user.id, skip=skip, limit=limit, 
+        transaction_type=transaction_type,
+    )
+    return transactions
+
+
+@router.post("/deposit", response_model=schemas.Transaction)
+def deposit_funds(
+    *,
+    db: Session = Depends(deps.get_db),
+    transaction_in: schemas.TransactionCreate,
+    current_user: models.User = Depends(deps.get_current_active_user),
+) -> Any:
+    """
+    Deposit funds into user's account.
+    """
+    if transaction_in.amount <= 0:
+        raise HTTPException(
+            status_code=400, detail="Deposit amount must be greater than 0",
+        )
+    
+    transaction = crud.create_deposit(
+        db, user_id=current_user.id, transaction_in=transaction_in,
+    )
+    return transaction
+
+
+@router.post("/withdraw", response_model=schemas.Transaction)
+def withdraw_funds(
+    *,
+    db: Session = Depends(deps.get_db),
+    transaction_in: schemas.TransactionCreate,
+    current_user: models.User = Depends(deps.get_current_active_user),
+) -> Any:
+    """
+    Withdraw funds from user's account.
+    """
+    if transaction_in.amount <= 0:
+        raise HTTPException(
+            status_code=400, detail="Withdrawal amount must be greater than 0",
+        )
+    
+    if current_user.balance < transaction_in.amount:
+        raise HTTPException(
+            status_code=400, detail="Insufficient balance for this withdrawal",
+        )
+    
+    transaction = crud.create_withdrawal(
+        db, user_id=current_user.id, transaction_in=transaction_in,
+    )
+    
+    if not transaction:
+        raise HTTPException(
+            status_code=400, detail="Could not process withdrawal",
+        )
+    
+    return transaction
--- a/app/auth/deps.py
+++ b/app/auth/deps.py
@ -0,0 +1,70 @@
+
+from fastapi import Depends, HTTPException, status
+from fastapi.security import OAuth2PasswordBearer
+from jose import JWTError, jwt
+from pydantic import ValidationError
+from sqlalchemy.orm import Session
+
+from app.core.config import settings
+from app.db.session import get_db
+from app.models.user import User
+from app.schemas.token import TokenPayload
+
+oauth2_scheme = OAuth2PasswordBearer(
+    tokenUrl=f"{settings.API_V1_STR}/auth/login",
+)
+
+
+def get_current_user(
+    db: Session = Depends(get_db), token: str = Depends(oauth2_scheme),
+) -> User:
+    """
+    Get the current user from the token.
+    """
+    try:
+        payload = jwt.decode(
+            token, settings.JWT_SECRET_KEY, algorithms=[settings.JWT_ALGORITHM],
+        )
+        token_data = TokenPayload(**payload)
+    except (JWTError, ValidationError):
+        raise HTTPException(
+            status_code=status.HTTP_401_UNAUTHORIZED,
+            detail="Could not validate credentials",
+            headers={"WWW-Authenticate": "Bearer"},
+        )
+    user = db.query(User).filter(User.id == token_data.sub).first()
+    if not user:
+        raise HTTPException(
+            status_code=status.HTTP_404_NOT_FOUND, detail="User not found",
+        )
+    if not user.is_active:
+        raise HTTPException(
+            status_code=status.HTTP_400_BAD_REQUEST, detail="Inactive user",
+        )
+    return user
+
+
+def get_current_active_user(
+    current_user: User = Depends(get_current_user),
+) -> User:
+    """
+    Get the current active user.
+    """
+    if not current_user.is_active:
+        raise HTTPException(
+            status_code=status.HTTP_400_BAD_REQUEST, detail="Inactive user",
+        )
+    return current_user
+
+
+def get_current_admin_user(
+    current_user: User = Depends(get_current_user),
+) -> User:
+    """
+    Get the current admin user.
+    """
+    if not current_user.is_admin:
+        raise HTTPException(
+            status_code=status.HTTP_403_FORBIDDEN, detail="Not enough permissions",
+        )
+    return current_user
--- a/app/core/config.py
+++ b/app/core/config.py
@ -0,0 +1,38 @@
+import os
+from pathlib import Path
+from typing import List
+
+from pydantic import EmailStr
+from pydantic_settings import BaseSettings
+
+
+class Settings(BaseSettings):
+    API_V1_STR: str = "/api/v1"
+    SECRET_KEY: str
+    PROJECT_NAME: str
+    ENVIRONMENT: str
+
+    # JWT Settings
+    ACCESS_TOKEN_EXPIRE_MINUTES: int = 30
+    JWT_ALGORITHM: str = "HS256"
+    JWT_SECRET_KEY: str
+
+    # Security
+    ALLOWED_HOSTS: List[str] = ["*"]
+
+    # Admin user
+    FIRST_SUPERUSER_EMAIL: EmailStr
+    FIRST_SUPERUSER_PASSWORD: str
+    
+    # Database
+    DB_DIR: Path = Path("/app") / "storage" / "db"
+
+    class Config:
+        env_file = ".env"
+        case_sensitive = True
+
+
+settings = Settings()
+
+# Ensure database directory exists
+os.makedirs(settings.DB_DIR, exist_ok=True)
--- a/app/core/init_app.py
+++ b/app/core/init_app.py
@ -0,0 +1,30 @@
+import logging
+
+from app.core.config import settings
+from app.crud.user import create_user, get_user_by_email
+from app.db.session import SessionLocal
+from app.schemas.user import UserCreate
+
+logger = logging.getLogger(__name__)
+
+def init_db() -> None:
+    """Initialize database with first superuser."""
+    db = SessionLocal()
+    try:
+        # Check if there's already a superuser
+        user = get_user_by_email(db, email=settings.FIRST_SUPERUSER_EMAIL)
+        if not user:
+            logger.info("Creating first superuser")
+            user_in = UserCreate(
+                email=settings.FIRST_SUPERUSER_EMAIL,
+                password=settings.FIRST_SUPERUSER_PASSWORD,
+                is_admin=True,
+            )
+            create_user(db, user=user_in)
+            logger.info(f"Superuser {settings.FIRST_SUPERUSER_EMAIL} created")
+        else:
+            logger.info(f"Superuser {settings.FIRST_SUPERUSER_EMAIL} already exists")
+    except Exception as e:
+        logger.error(f"Error creating superuser: {e}")
+    finally:
+        db.close()
--- a/app/core/security.py
+++ b/app/core/security.py
@ -0,0 +1,42 @@
+from datetime import datetime, timedelta
+from typing import Any, Optional, Union
+
+from jose import jwt
+from passlib.context import CryptContext
+
+from app.core.config import settings
+
+pwd_context = CryptContext(schemes=["bcrypt"], deprecated="auto")
+
+
+def create_access_token(
+    subject: Union[str, Any], expires_delta: Optional[timedelta] = None,
+) -> str:
+    """
+    Create a JWT access token.
+    """
+    if expires_delta:
+        expire = datetime.utcnow() + expires_delta
+    else:
+        expire = datetime.utcnow() + timedelta(
+            minutes=settings.ACCESS_TOKEN_EXPIRE_MINUTES,
+        )
+    to_encode = {"exp": expire, "sub": str(subject)}
+    encoded_jwt = jwt.encode(
+        to_encode, settings.JWT_SECRET_KEY, algorithm=settings.JWT_ALGORITHM,
+    )
+    return encoded_jwt
+
+
+def verify_password(plain_password: str, hashed_password: str) -> bool:
+    """
+    Verify a password against a hash.
+    """
+    return pwd_context.verify(plain_password, hashed_password)
+
+
+def get_password_hash(password: str) -> str:
+    """
+    Generate a hash for a password.
+    """
+    return pwd_context.hash(password)
--- a/app/crud/init.py
+++ b/app/crud/init.py
@ -0,0 +1,33 @@
+from app.crud.bet import (
+    create_bet,
+    get_bet,
+    get_user_bets,
+    settle_bets_for_outcome,
+    update_bet_status,
+)
+from app.crud.event import (
+    create_event,
+    delete_event,
+    get_event,
+    get_events,
+    get_market,
+    get_outcome,
+    settle_outcome,
+    update_event,
+)
+from app.crud.transaction import (
+    create_deposit,
+    create_withdrawal,
+    get_transaction,
+    get_user_transactions,
+    update_transaction_status,
+)
+from app.crud.user import (
+    authenticate,
+    create_user,
+    get_user,
+    get_user_by_email,
+    get_users,
+    update_user,
+    update_user_balance,
+)
--- a/app/crud/bet.py
+++ b/app/crud/bet.py
@ -0,0 +1,128 @@
+from datetime import datetime
+from typing import List, Optional
+
+from sqlalchemy.orm import Session
+
+from app.crud.event import get_outcome
+from app.crud.user import update_user_balance
+from app.models.bet import Bet, BetStatus
+from app.models.transaction import Transaction, TransactionStatus, TransactionType
+from app.schemas.bet import BetCreate
+
+
+def get_bet(db: Session, bet_id: int) -> Optional[Bet]:
+    return db.query(Bet).filter(Bet.id == bet_id).first()
+
+
+def get_user_bets(
+    db: Session, user_id: int, skip: int = 0, limit: int = 100, status: Optional[BetStatus] = None,
+) -> List[Bet]:
+    query = db.query(Bet).filter(Bet.user_id == user_id)
+    if status:
+        query = query.filter(Bet.status == status)
+    return query.order_by(Bet.created_at.desc()).offset(skip).limit(limit).all()
+
+
+def create_bet(db: Session, bet_in: BetCreate, user_id: int) -> Optional[Bet]:
+    # Get the outcome to check if it exists and get odds
+    outcome = get_outcome(db, bet_in.outcome_id)
+    if not outcome or not outcome.is_active:
+        return None
+    
+    # Calculate potential win
+    potential_win = bet_in.amount * outcome.odds
+    
+    # Create bet
+    db_bet = Bet(
+        user_id=user_id,
+        outcome_id=bet_in.outcome_id,
+        amount=bet_in.amount,
+        odds=outcome.odds,
+        potential_win=potential_win,
+        status=BetStatus.PENDING,
+    )
+    
+    # Update user balance
+    update_user_balance(db, user_id, -bet_in.amount)
+    
+    # Create transaction record
+    transaction = Transaction(
+        user_id=user_id,
+        amount=-bet_in.amount,
+        transaction_type=TransactionType.BET_PLACED,
+        status=TransactionStatus.COMPLETED,
+        bet_id=db_bet.id,
+    )
+    
+    db.add(db_bet)
+    db.commit()
+    db.refresh(db_bet)
+    
+    # Update transaction with bet_id
+    transaction.bet_id = db_bet.id
+    db.add(transaction)
+    db.commit()
+    
+    return db_bet
+
+
+def update_bet_status(
+    db: Session, bet_id: int, status: BetStatus,
+) -> Optional[Bet]:
+    bet = get_bet(db, bet_id)
+    if bet and bet.status == BetStatus.PENDING:
+        bet.status = status
+        bet.settled_at = datetime.utcnow()
+        
+        # If bet is won, create a transaction and update user balance
+        if status == BetStatus.WON:
+            transaction = Transaction(
+                user_id=bet.user_id,
+                amount=bet.potential_win,
+                transaction_type=TransactionType.BET_WON,
+                status=TransactionStatus.COMPLETED,
+                bet_id=bet.id,
+            )
+            db.add(transaction)
+            update_user_balance(db, bet.user_id, bet.potential_win)
+        
+        # If bet is cancelled or voided, refund the amount
+        if status in [BetStatus.CANCELLED, BetStatus.VOIDED]:
+            transaction = Transaction(
+                user_id=bet.user_id,
+                amount=bet.amount,
+                transaction_type=TransactionType.BET_REFUND,
+                status=TransactionStatus.COMPLETED,
+                bet_id=bet.id,
+            )
+            db.add(transaction)
+            update_user_balance(db, bet.user_id, bet.amount)
+        
+        db.add(bet)
+        db.commit()
+        db.refresh(bet)
+    
+    return bet
+
+
+def settle_bets_for_outcome(
+    db: Session, outcome_id: int, is_winner: bool,
+) -> int:
+    """
+    Settle all pending bets for a specific outcome.
+    Returns the number of bets settled.
+    """
+    bets = db.query(Bet).filter(
+        Bet.outcome_id == outcome_id,
+        Bet.status == BetStatus.PENDING,
+    ).all()
+    
+    count = 0
+    for bet in bets:
+        if is_winner:
+            update_bet_status(db, bet.id, BetStatus.WON)
+        else:
+            update_bet_status(db, bet.id, BetStatus.LOST)
+        count += 1
+    
+    return count
--- a/app/crud/event.py
+++ b/app/crud/event.py
@ -0,0 +1,109 @@
+from typing import List, Optional
+
+from sqlalchemy.orm import Session
+
+from app.models.event import Event, EventStatus, Market, Outcome
+from app.schemas.event import EventCreate, EventUpdate
+
+
+def get_event(db: Session, event_id: int) -> Optional[Event]:
+    return db.query(Event).filter(Event.id == event_id).first()
+
+
+def get_events(
+    db: Session, 
+    skip: int = 0, 
+    limit: int = 100, 
+    status: Optional[EventStatus] = None,
+) -> List[Event]:
+    query = db.query(Event)
+    if status:
+        query = query.filter(Event.status == status)
+    return query.offset(skip).limit(limit).all()
+
+
+def create_event(db: Session, event_in: EventCreate) -> Event:
+    event_data = event_in.model_dump(exclude={"markets"})
+    db_event = Event(**event_data)
+    db.add(db_event)
+    db.commit()
+    db.refresh(db_event)
+    
+    # Add markets
+    for market_in in event_in.markets:
+        market_data = market_in.model_dump(exclude={"outcomes"})
+        db_market = Market(**market_data, event_id=db_event.id)
+        db.add(db_market)
+        db.commit()
+        db.refresh(db_market)
+        
+        # Add outcomes
+        for outcome_in in market_in.outcomes:
+            db_outcome = Outcome(**outcome_in.model_dump(), market_id=db_market.id)
+            db.add(db_outcome)
+            db.commit()
+    
+    db.refresh(db_event)
+    return db_event
+
+
+def update_event(db: Session, db_event: Event, event_in: EventUpdate) -> Event:
+    update_data = event_in.model_dump(exclude={"markets"}, exclude_unset=True)
+    for field, value in update_data.items():
+        setattr(db_event, field, value)
+    
+    db.add(db_event)
+    db.commit()
+    db.refresh(db_event)
+    
+    # Update markets if provided
+    if event_in.markets:
+        for market_update in event_in.markets:
+            market = next((m for m in db_event.markets if m.id == market_update.id), None)
+            if market:
+                market_data = market_update.model_dump(exclude={"outcomes"}, exclude_unset=True)
+                for field, value in market_data.items():
+                    setattr(market, field, value)
+                db.add(market)
+                
+                # Update outcomes if provided
+                if market_update.outcomes:
+                    for outcome_update in market_update.outcomes:
+                        outcome = next((o for o in market.outcomes if o.id == outcome_update.id), None)
+                        if outcome:
+                            for field, value in outcome_update.model_dump(exclude_unset=True).items():
+                                setattr(outcome, field, value)
+                            db.add(outcome)
+    
+    db.commit()
+    db.refresh(db_event)
+    return db_event
+
+
+def delete_event(db: Session, event_id: int) -> bool:
+    event = db.query(Event).filter(Event.id == event_id).first()
+    if not event:
+        return False
+    db.delete(event)
+    db.commit()
+    return True
+
+
+def get_market(db: Session, market_id: int) -> Optional[Market]:
+    return db.query(Market).filter(Market.id == market_id).first()
+
+
+def get_outcome(db: Session, outcome_id: int) -> Optional[Outcome]:
+    return db.query(Outcome).filter(Outcome.id == outcome_id).first()
+
+
+def settle_outcome(
+    db: Session, outcome_id: int, is_winner: bool,
+) -> Optional[Outcome]:
+    outcome = get_outcome(db, outcome_id)
+    if outcome:
+        outcome.is_winner = is_winner
+        db.add(outcome)
+        db.commit()
+        db.refresh(outcome)
+    return outcome
--- a/app/crud/transaction.py
+++ b/app/crud/transaction.py
@ -0,0 +1,92 @@
+from typing import List, Optional
+
+from sqlalchemy.orm import Session
+
+from app.crud.user import update_user_balance
+from app.models.transaction import Transaction, TransactionStatus, TransactionType
+from app.schemas.transaction import TransactionCreate
+
+
+def get_transaction(db: Session, transaction_id: int) -> Optional[Transaction]:
+    return db.query(Transaction).filter(Transaction.id == transaction_id).first()
+
+
+def get_user_transactions(
+    db: Session, user_id: int, skip: int = 0, limit: int = 100, 
+    transaction_type: Optional[TransactionType] = None,
+) -> List[Transaction]:
+    query = db.query(Transaction).filter(Transaction.user_id == user_id)
+    if transaction_type:
+        query = query.filter(Transaction.transaction_type == transaction_type)
+    return query.order_by(Transaction.created_at.desc()).offset(skip).limit(limit).all()
+
+
+def create_deposit(
+    db: Session, user_id: int, transaction_in: TransactionCreate,
+) -> Transaction:
+    """
+    Create a deposit transaction and update user balance.
+    """
+    # Ensure it's a deposit
+    transaction_data = transaction_in.model_dump()
+    transaction_data["transaction_type"] = TransactionType.DEPOSIT
+    transaction_data["status"] = TransactionStatus.COMPLETED
+    transaction_data["user_id"] = user_id
+    
+    # Create transaction
+    db_transaction = Transaction(**transaction_data)
+    db.add(db_transaction)
+    db.commit()
+    db.refresh(db_transaction)
+    
+    # Update user balance
+    update_user_balance(db, user_id, transaction_in.amount)
+    
+    return db_transaction
+
+
+def create_withdrawal(
+    db: Session, user_id: int, transaction_in: TransactionCreate,
+) -> Optional[Transaction]:
+    """
+    Create a withdrawal transaction and update user balance.
+    Returns None if user doesn't have enough balance.
+    """
+    from app.crud.user import get_user
+    
+    user = get_user(db, user_id)
+    if not user or user.balance < transaction_in.amount:
+        return None
+    
+    # Ensure it's a withdrawal and amount is negative
+    transaction_data = transaction_in.model_dump()
+    transaction_data["transaction_type"] = TransactionType.WITHDRAWAL
+    transaction_data["status"] = TransactionStatus.COMPLETED
+    transaction_data["user_id"] = user_id
+    transaction_data["amount"] = -abs(transaction_in.amount)  # Ensure it's negative
+    
+    # Create transaction
+    db_transaction = Transaction(**transaction_data)
+    db.add(db_transaction)
+    db.commit()
+    db.refresh(db_transaction)
+    
+    # Update user balance
+    update_user_balance(db, user_id, transaction_data["amount"])
+    
+    return db_transaction
+
+
+def update_transaction_status(
+    db: Session, transaction_id: int, status: TransactionStatus,
+) -> Optional[Transaction]:
+    """
+    Update a transaction's status.
+    """
+    transaction = get_transaction(db, transaction_id)
+    if transaction:
+        transaction.status = status
+        db.add(transaction)
+        db.commit()
+        db.refresh(transaction)
+    return transaction
--- a/app/crud/user.py
+++ b/app/crud/user.py
@ -0,0 +1,78 @@
+from typing import Any, Dict, Optional, Union
+
+from sqlalchemy.orm import Session
+
+from app.core.security import get_password_hash, verify_password
+from app.models.user import User
+from app.schemas.user import UserCreate, UserUpdate
+
+
+def get_user(db: Session, user_id: int) -> Optional[User]:
+    return db.query(User).filter(User.id == user_id).first()
+
+
+def get_user_by_email(db: Session, email: str) -> Optional[User]:
+    return db.query(User).filter(User.email == email).first()
+
+
+def get_users(db: Session, skip: int = 0, limit: int = 100) -> list[User]:
+    return db.query(User).offset(skip).limit(limit).all()
+
+
+def create_user(db: Session, user: UserCreate) -> User:
+    hashed_password = get_password_hash(user.password)
+    db_user = User(
+        email=user.email,
+        hashed_password=hashed_password,
+        full_name=user.full_name,
+        is_active=user.is_active,
+        is_admin=user.is_admin,
+    )
+    db.add(db_user)
+    db.commit()
+    db.refresh(db_user)
+    return db_user
+
+
+def update_user(
+    db: Session, db_user: User, user_in: Union[UserUpdate, Dict[str, Any]],
+) -> User:
+    if isinstance(user_in, dict):
+        update_data = user_in
+    else:
+        update_data = user_in.model_dump(exclude_unset=True)
+    
+    if update_data.get("password"):
+        hashed_password = get_password_hash(update_data["password"])
+        del update_data["password"]
+        update_data["hashed_password"] = hashed_password
+    
+    for field, value in update_data.items():
+        setattr(db_user, field, value)
+    
+    db.add(db_user)
+    db.commit()
+    db.refresh(db_user)
+    return db_user
+
+
+def update_user_balance(db: Session, user_id: int, amount: float) -> User:
+    """
+    Update user balance. Positive amount adds to balance, negative amount subtracts.
+    """
+    user = get_user(db, user_id)
+    if user:
+        user.balance += amount
+        db.add(user)
+        db.commit()
+        db.refresh(user)
+    return user
+
+
+def authenticate(db: Session, email: str, password: str) -> Optional[User]:
+    user = get_user_by_email(db, email=email)
+    if not user:
+        return None
+    if not verify_password(password, user.hashed_password):
+        return None
+    return user
--- a/app/db/init.py
+++ b/app/db/init.py
--- a/app/db/session.py
+++ b/app/db/session.py
@ -0,0 +1,29 @@
+from typing import Generator
+
+from sqlalchemy import create_engine
+from sqlalchemy.ext.declarative import declarative_base
+from sqlalchemy.orm import sessionmaker
+
+from app.core.config import settings
+
+# Create DB directory if it doesn't exist
+settings.DB_DIR.mkdir(parents=True, exist_ok=True)
+
+SQLALCHEMY_DATABASE_URL = f"sqlite:///{settings.DB_DIR}/db.sqlite"
+
+engine = create_engine(
+    SQLALCHEMY_DATABASE_URL,
+    connect_args={"check_same_thread": False}
+)
+
+SessionLocal = sessionmaker(autocommit=False, autoflush=False, bind=engine)
+
+Base = declarative_base()
+
+# Dependency
+def get_db() -> Generator:
+    db = SessionLocal()
+    try:
+        yield db
+    finally:
+        db.close()
--- a/app/models/init.py
+++ b/app/models/init.py
@ -0,0 +1,4 @@
+from app.models.bet import Bet, BetStatus
+from app.models.event import Event, Market, Outcome
+from app.models.transaction import Transaction, TransactionStatus, TransactionType
+from app.models.user import User
--- a/app/models/bet.py
+++ b/app/models/bet.py
@ -0,0 +1,34 @@
+from enum import Enum as PyEnum
+
+from sqlalchemy import Column, DateTime, Enum, Float, ForeignKey, Integer
+from sqlalchemy.orm import relationship
+from sqlalchemy.sql import func
+
+from app.db.session import Base
+
+
+class BetStatus(str, PyEnum):
+    PENDING = "pending"
+    WON = "won"
+    LOST = "lost"
+    CANCELLED = "cancelled"
+    VOIDED = "voided"
+
+
+class Bet(Base):
+    __tablename__ = "bets"
+
+    id = Column(Integer, primary_key=True, index=True)
+    user_id = Column(Integer, ForeignKey("users.id"), nullable=False)
+    outcome_id = Column(Integer, ForeignKey("outcomes.id"), nullable=False)
+    amount = Column(Float, nullable=False)
+    odds = Column(Float, nullable=False)  # Stored odds at time of bet
+    potential_win = Column(Float, nullable=False)
+    status = Column(Enum(BetStatus), default=BetStatus.PENDING)
+    settled_at = Column(DateTime(timezone=True), nullable=True)
+    created_at = Column(DateTime(timezone=True), server_default=func.now())
+    updated_at = Column(DateTime(timezone=True), server_default=func.now(), onupdate=func.now())
+    
+    # Relationships
+    user = relationship("User", back_populates="bets")
+    outcome = relationship("Outcome", back_populates="bets")
--- a/app/models/event.py
+++ b/app/models/event.py
@ -0,0 +1,71 @@
+from enum import Enum as PyEnum
+
+from sqlalchemy import (
+    Boolean,
+    Column,
+    DateTime,
+    Enum,
+    Float,
+    ForeignKey,
+    Integer,
+    String,
+)
+from sqlalchemy.orm import relationship
+from sqlalchemy.sql import func
+
+from app.db.session import Base
+
+
+class EventStatus(str, PyEnum):
+    UPCOMING = "upcoming"
+    LIVE = "live"
+    FINISHED = "finished"
+    CANCELLED = "cancelled"
+
+
+class Event(Base):
+    __tablename__ = "events"
+
+    id = Column(Integer, primary_key=True, index=True)
+    name = Column(String, nullable=False)
+    description = Column(String, nullable=True)
+    start_time = Column(DateTime(timezone=True), nullable=False)
+    end_time = Column(DateTime(timezone=True), nullable=True)
+    status = Column(Enum(EventStatus), default=EventStatus.UPCOMING)
+    created_at = Column(DateTime(timezone=True), server_default=func.now())
+    updated_at = Column(DateTime(timezone=True), server_default=func.now(), onupdate=func.now())
+    
+    # Relationships
+    markets = relationship("Market", back_populates="event", cascade="all, delete-orphan")
+
+
+class Market(Base):
+    __tablename__ = "markets"
+
+    id = Column(Integer, primary_key=True, index=True)
+    event_id = Column(Integer, ForeignKey("events.id"), nullable=False)
+    name = Column(String, nullable=False)
+    is_active = Column(Boolean, default=True)
+    created_at = Column(DateTime(timezone=True), server_default=func.now())
+    updated_at = Column(DateTime(timezone=True), server_default=func.now(), onupdate=func.now())
+    
+    # Relationships
+    event = relationship("Event", back_populates="markets")
+    outcomes = relationship("Outcome", back_populates="market", cascade="all, delete-orphan")
+
+
+class Outcome(Base):
+    __tablename__ = "outcomes"
+
+    id = Column(Integer, primary_key=True, index=True)
+    market_id = Column(Integer, ForeignKey("markets.id"), nullable=False)
+    name = Column(String, nullable=False)
+    odds = Column(Float, nullable=False)
+    is_winner = Column(Boolean, nullable=True)
+    is_active = Column(Boolean, default=True)
+    created_at = Column(DateTime(timezone=True), server_default=func.now())
+    updated_at = Column(DateTime(timezone=True), server_default=func.now(), onupdate=func.now())
+    
+    # Relationships
+    market = relationship("Market", back_populates="outcomes")
+    bets = relationship("Bet", back_populates="outcome")
--- a/app/models/transaction.py
+++ b/app/models/transaction.py
@ -0,0 +1,41 @@
+from enum import Enum as PyEnum
+
+from sqlalchemy import Column, DateTime, Enum, Float, ForeignKey, Integer, String
+from sqlalchemy.orm import relationship
+from sqlalchemy.sql import func
+
+from app.db.session import Base
+
+
+class TransactionType(str, PyEnum):
+    DEPOSIT = "deposit"
+    WITHDRAWAL = "withdrawal"
+    BET_PLACED = "bet_placed"
+    BET_WON = "bet_won"
+    BET_LOST = "bet_lost"
+    BET_REFUND = "bet_refund"
+
+
+class TransactionStatus(str, PyEnum):
+    PENDING = "pending"
+    COMPLETED = "completed"
+    FAILED = "failed"
+    CANCELLED = "cancelled"
+
+
+class Transaction(Base):
+    __tablename__ = "transactions"
+
+    id = Column(Integer, primary_key=True, index=True)
+    user_id = Column(Integer, ForeignKey("users.id"), nullable=False)
+    amount = Column(Float, nullable=False)
+    transaction_type = Column(Enum(TransactionType), nullable=False)
+    status = Column(Enum(TransactionStatus), default=TransactionStatus.PENDING)
+    reference = Column(String, nullable=True)  # For external references
+    bet_id = Column(Integer, ForeignKey("bets.id"), nullable=True)  # Optional link to a bet
+    created_at = Column(DateTime(timezone=True), server_default=func.now())
+    updated_at = Column(DateTime(timezone=True), server_default=func.now(), onupdate=func.now())
+    
+    # Relationships
+    user = relationship("User", back_populates="transactions")
+    bet = relationship("Bet", backref="transactions")
--- a/app/models/user.py
+++ b/app/models/user.py
@ -0,0 +1,23 @@
+from sqlalchemy import Boolean, Column, DateTime, Float, Integer, String
+from sqlalchemy.orm import relationship
+from sqlalchemy.sql import func
+
+from app.db.session import Base
+
+
+class User(Base):
+    __tablename__ = "users"
+
+    id = Column(Integer, primary_key=True, index=True)
+    email = Column(String, unique=True, index=True, nullable=False)
+    hashed_password = Column(String, nullable=False)
+    full_name = Column(String, nullable=True)
+    is_active = Column(Boolean, default=True)
+    is_admin = Column(Boolean, default=False)
+    balance = Column(Float, default=0.0)
+    created_at = Column(DateTime(timezone=True), server_default=func.now())
+    updated_at = Column(DateTime(timezone=True), server_default=func.now(), onupdate=func.now())
+    
+    # Relationships
+    bets = relationship("Bet", back_populates="user")
+    transactions = relationship("Transaction", back_populates="user")
--- a/app/schemas/init.py
+++ b/app/schemas/init.py
@ -0,0 +1,15 @@
+from app.schemas.bet import Bet, BetCreate, BetUpdate
+from app.schemas.event import (
+    Event,
+    EventCreate,
+    EventUpdate,
+    Market,
+    MarketCreate,
+    MarketUpdate,
+    Outcome,
+    OutcomeCreate,
+    OutcomeUpdate,
+)
+from app.schemas.token import Token, TokenPayload
+from app.schemas.transaction import Transaction, TransactionCreate, TransactionUpdate
+from app.schemas.user import User, UserCreate, UserInDB, UserUpdate
--- a/app/schemas/bet.py
+++ b/app/schemas/bet.py
@ -0,0 +1,33 @@
+from datetime import datetime
+from typing import Optional
+
+from pydantic import BaseModel
+
+from app.models.bet import BetStatus
+
+
+class BetBase(BaseModel):
+    amount: float
+    odds: float
+    potential_win: float
+
+
+class BetCreate(BaseModel):
+    outcome_id: int
+    amount: float
+
+
+class BetUpdate(BaseModel):
+    status: BetStatus
+
+
+class Bet(BetBase):
+    id: int
+    user_id: int
+    outcome_id: int
+    status: BetStatus
+    settled_at: Optional[datetime] = None
+    created_at: datetime
+
+    class Config:
+        from_attributes = True
--- a/app/schemas/event.py
+++ b/app/schemas/event.py
@ -0,0 +1,85 @@
+from datetime import datetime
+from typing import Optional
+
+from pydantic import BaseModel
+
+from app.models.event import EventStatus
+
+
+class OutcomeBase(BaseModel):
+    name: str
+    odds: float
+    is_active: bool = True
+
+
+class OutcomeCreate(OutcomeBase):
+    pass
+
+
+class OutcomeUpdate(OutcomeBase):
+    name: Optional[str] = None
+    odds: Optional[float] = None
+    is_active: Optional[bool] = None
+    is_winner: Optional[bool] = None
+
+
+class Outcome(OutcomeBase):
+    id: int
+    market_id: int
+    is_winner: Optional[bool] = None
+
+    class Config:
+        from_attributes = True
+
+
+class MarketBase(BaseModel):
+    name: str
+    is_active: bool = True
+
+
+class MarketCreate(MarketBase):
+    outcomes: list[OutcomeCreate]
+
+
+class MarketUpdate(MarketBase):
+    name: Optional[str] = None
+    is_active: Optional[bool] = None
+    outcomes: Optional[list[OutcomeUpdate]] = None
+
+
+class Market(MarketBase):
+    id: int
+    event_id: int
+    outcomes: list[Outcome] = []
+
+    class Config:
+        from_attributes = True
+
+
+class EventBase(BaseModel):
+    name: str
+    description: Optional[str] = None
+    start_time: datetime
+    end_time: Optional[datetime] = None
+    status: EventStatus = EventStatus.UPCOMING
+
+
+class EventCreate(EventBase):
+    markets: list[MarketCreate]
+
+
+class EventUpdate(EventBase):
+    name: Optional[str] = None
+    description: Optional[str] = None
+    start_time: Optional[datetime] = None
+    end_time: Optional[datetime] = None
+    status: Optional[EventStatus] = None
+    markets: Optional[list[MarketUpdate]] = None
+
+
+class Event(EventBase):
+    id: int
+    markets: list[Market] = []
+
+    class Config:
+        from_attributes = True
--- a/app/schemas/token.py
+++ b/app/schemas/token.py
@ -0,0 +1,12 @@
+from typing import Optional
+
+from pydantic import BaseModel
+
+
+class Token(BaseModel):
+    access_token: str
+    token_type: str
+
+
+class TokenPayload(BaseModel):
+    sub: Optional[int] = None
--- a/app/schemas/transaction.py
+++ b/app/schemas/transaction.py
@ -0,0 +1,33 @@
+from datetime import datetime
+from typing import Optional
+
+from pydantic import BaseModel
+
+from app.models.transaction import TransactionStatus, TransactionType
+
+
+class TransactionBase(BaseModel):
+    amount: float
+    transaction_type: TransactionType
+    status: TransactionStatus = TransactionStatus.PENDING
+    reference: Optional[str] = None
+    bet_id: Optional[int] = None
+
+
+class TransactionCreate(BaseModel):
+    amount: float
+    transaction_type: TransactionType = TransactionType.DEPOSIT
+    reference: Optional[str] = None
+
+
+class TransactionUpdate(BaseModel):
+    status: TransactionStatus
+
+
+class Transaction(TransactionBase):
+    id: int
+    user_id: int
+    created_at: datetime
+
+    class Config:
+        from_attributes = True
--- a/app/schemas/user.py
+++ b/app/schemas/user.py
@ -0,0 +1,35 @@
+from typing import Optional
+
+from pydantic import BaseModel, EmailStr
+
+
+class UserBase(BaseModel):
+    email: Optional[EmailStr] = None
+    full_name: Optional[str] = None
+    is_active: Optional[bool] = True
+    is_admin: bool = False
+
+
+class UserCreate(UserBase):
+    email: EmailStr
+    password: str
+
+
+class UserUpdate(UserBase):
+    password: Optional[str] = None
+
+
+class UserInDBBase(UserBase):
+    id: Optional[int] = None
+    balance: float = 0.0
+
+    class Config:
+        from_attributes = True
+
+
+class User(UserInDBBase):
+    pass
+
+
+class UserInDB(UserInDBBase):
+    hashed_password: str
--- a/main.py
+++ b/main.py
@ -0,0 +1,33 @@
+import uvicorn
+from fastapi import FastAPI
+from fastapi.middleware.cors import CORSMiddleware
+
+from app.api.v1.api import api_router
+from app.core.config import settings
+
+app = FastAPI(
+    title=settings.PROJECT_NAME,
+    description="Betting Application API",
+    version="0.1.0",
+    openapi_url="/openapi.json",
+)
+
+# Set up CORS middleware
+app.add_middleware(
+    CORSMiddleware,
+    allow_origins=["*"],
+    allow_credentials=True,
+    allow_methods=["*"],
+    allow_headers=["*"],
+)
+
+# Add API router
+app.include_router(api_router, prefix=settings.API_V1_STR)
+
+# Health check endpoint
+@app.get("/health", tags=["Health"])
+async def health_check() -> dict:
+    return {"status": "ok"}
+
+if __name__ == "__main__":
+    uvicorn.run("main:app", host="127.0.0.1", port=8000, reload=True)
--- a/migrations/env.py
+++ b/migrations/env.py
@ -0,0 +1,89 @@
+import os
+import sys
+from logging.config import fileConfig
+
+from alembic import context
+from sqlalchemy import engine_from_config, pool
+
+# Add the parent directory to the path so we can import from our app
+sys.path.insert(0, os.path.dirname(os.path.dirname(__file__)))
+
+# Import the SQLAlchemy metadata and database URL
+from app.db.session import SQLALCHEMY_DATABASE_URL, Base
+from app.models import *  # This is important to load all models
+
+# this is the Alembic Config object, which provides
+# access to the values within the .ini file in use.
+config = context.config
+
+# Interpret the config file for Python logging.
+# This line sets up loggers basically.
+fileConfig(config.config_file_name)
+
+# Set the database URL in the alembic config
+config.set_main_option("sqlalchemy.url", SQLALCHEMY_DATABASE_URL)
+
+# add your model's MetaData object here
+# for 'autogenerate' support
+target_metadata = Base.metadata
+
+# other values from the config, defined by the needs of env.py,
+# can be acquired:
+# my_important_option = config.get_main_option("my_important_option")
+# ... etc.
+
+
+def run_migrations_offline():
+    """Run migrations in 'offline' mode.
+
+    This configures the context with just a URL
+    and not an Engine, though an Engine is acceptable
+    here as well.  By skipping the Engine creation
+    we don't even need a DBAPI to be available.
+
+    Calls to context.execute() here emit the given string to the
+    script output.
+
+    """
+    url = config.get_main_option("sqlalchemy.url")
+    context.configure(
+        url=url,
+        target_metadata=target_metadata,
+        literal_binds=True,
+        dialect_opts={"paramstyle": "named"},
+    )
+
+    with context.begin_transaction():
+        context.run_migrations()
+
+
+def run_migrations_online():
+    """Run migrations in 'online' mode.
+
+    In this scenario we need to create an Engine
+    and associate a connection with the context.
+
+    """
+    connectable = engine_from_config(
+        config.get_section(config.config_ini_section),
+        prefix="sqlalchemy.",
+        poolclass=pool.NullPool,
+    )
+
+    with connectable.connect() as connection:
+        is_sqlite = connection.dialect.name == "sqlite"
+        context.configure(
+            connection=connection,
+            target_metadata=target_metadata,
+            render_as_batch=is_sqlite,  # This is important for SQLite
+            compare_type=True,
+        )
+
+        with context.begin_transaction():
+            context.run_migrations()
+
+
+if context.is_offline_mode():
+    run_migrations_offline()
+else:
+    run_migrations_online()
--- a/migrations/script.py.mako
+++ b/migrations/script.py.mako
@ -0,0 +1,24 @@
+"""${message}
+
+Revision ID: ${up_revision}
+Revises: ${down_revision | comma,n}
+Create Date: ${create_date}
+
+"""
+from alembic import op
+import sqlalchemy as sa
+${imports if imports else ""}
+
+# revision identifiers, used by Alembic.
+revision = ${repr(up_revision)}
+down_revision = ${repr(down_revision)}
+branch_labels = ${repr(branch_labels)}
+depends_on = ${repr(depends_on)}
+
+
+def upgrade():
+    ${upgrades if upgrades else "pass"}
+
+
+def downgrade():
+    ${downgrades if downgrades else "pass"}
--- a/migrations/versions/20230621_154500_initial_schema.py
+++ b/migrations/versions/20230621_154500_initial_schema.py
@ -0,0 +1,134 @@
+"""Initial schema
+
+Revision ID: 6e85b8c2a123
+Revises: 
+Create Date: 2023-06-21 15:45:00
+
+"""
+from alembic import op
+import sqlalchemy as sa
+from sqlalchemy.dialects import sqlite
+
+
+# revision identifiers, used by Alembic.
+revision = '6e85b8c2a123'
+down_revision = None
+branch_labels = None
+depends_on = None
+
+
+def upgrade():
+    # Users table
+    op.create_table(
+        'users',
+        sa.Column('id', sa.Integer(), nullable=False),
+        sa.Column('email', sa.String(), nullable=False),
+        sa.Column('hashed_password', sa.String(), nullable=False),
+        sa.Column('full_name', sa.String(), nullable=True),
+        sa.Column('is_active', sa.Boolean(), nullable=True, default=True),
+        sa.Column('is_admin', sa.Boolean(), nullable=True, default=False),
+        sa.Column('balance', sa.Float(), nullable=True, default=0.0),
+        sa.Column('created_at', sa.DateTime(timezone=True), server_default=sa.text('(CURRENT_TIMESTAMP)')),
+        sa.Column('updated_at', sa.DateTime(timezone=True), server_default=sa.text('(CURRENT_TIMESTAMP)')),
+        sa.PrimaryKeyConstraint('id')
+    )
+    op.create_index(op.f('ix_users_email'), 'users', ['email'], unique=True)
+    op.create_index(op.f('ix_users_id'), 'users', ['id'], unique=False)
+
+    # Events table
+    op.create_table(
+        'events',
+        sa.Column('id', sa.Integer(), nullable=False),
+        sa.Column('name', sa.String(), nullable=False),
+        sa.Column('description', sa.String(), nullable=True),
+        sa.Column('start_time', sa.DateTime(timezone=True), nullable=False),
+        sa.Column('end_time', sa.DateTime(timezone=True), nullable=True),
+        sa.Column('status', sa.Enum('upcoming', 'live', 'finished', 'cancelled', name='eventstatus'), nullable=True, default='upcoming'),
+        sa.Column('created_at', sa.DateTime(timezone=True), server_default=sa.text('(CURRENT_TIMESTAMP)')),
+        sa.Column('updated_at', sa.DateTime(timezone=True), server_default=sa.text('(CURRENT_TIMESTAMP)')),
+        sa.PrimaryKeyConstraint('id')
+    )
+    op.create_index(op.f('ix_events_id'), 'events', ['id'], unique=False)
+
+    # Markets table
+    op.create_table(
+        'markets',
+        sa.Column('id', sa.Integer(), nullable=False),
+        sa.Column('event_id', sa.Integer(), nullable=False),
+        sa.Column('name', sa.String(), nullable=False),
+        sa.Column('is_active', sa.Boolean(), nullable=True, default=True),
+        sa.Column('created_at', sa.DateTime(timezone=True), server_default=sa.text('(CURRENT_TIMESTAMP)')),
+        sa.Column('updated_at', sa.DateTime(timezone=True), server_default=sa.text('(CURRENT_TIMESTAMP)')),
+        sa.ForeignKeyConstraint(['event_id'], ['events.id'], ),
+        sa.PrimaryKeyConstraint('id')
+    )
+    op.create_index(op.f('ix_markets_id'), 'markets', ['id'], unique=False)
+
+    # Outcomes table
+    op.create_table(
+        'outcomes',
+        sa.Column('id', sa.Integer(), nullable=False),
+        sa.Column('market_id', sa.Integer(), nullable=False),
+        sa.Column('name', sa.String(), nullable=False),
+        sa.Column('odds', sa.Float(), nullable=False),
+        sa.Column('is_winner', sa.Boolean(), nullable=True),
+        sa.Column('is_active', sa.Boolean(), nullable=True, default=True),
+        sa.Column('created_at', sa.DateTime(timezone=True), server_default=sa.text('(CURRENT_TIMESTAMP)')),
+        sa.Column('updated_at', sa.DateTime(timezone=True), server_default=sa.text('(CURRENT_TIMESTAMP)')),
+        sa.ForeignKeyConstraint(['market_id'], ['markets.id'], ),
+        sa.PrimaryKeyConstraint('id')
+    )
+    op.create_index(op.f('ix_outcomes_id'), 'outcomes', ['id'], unique=False)
+
+    # Bets table
+    op.create_table(
+        'bets',
+        sa.Column('id', sa.Integer(), nullable=False),
+        sa.Column('user_id', sa.Integer(), nullable=False),
+        sa.Column('outcome_id', sa.Integer(), nullable=False),
+        sa.Column('amount', sa.Float(), nullable=False),
+        sa.Column('odds', sa.Float(), nullable=False),
+        sa.Column('potential_win', sa.Float(), nullable=False),
+        sa.Column('status', sa.Enum('pending', 'won', 'lost', 'cancelled', 'voided', name='betstatus'), nullable=True, default='pending'),
+        sa.Column('settled_at', sa.DateTime(timezone=True), nullable=True),
+        sa.Column('created_at', sa.DateTime(timezone=True), server_default=sa.text('(CURRENT_TIMESTAMP)')),
+        sa.Column('updated_at', sa.DateTime(timezone=True), server_default=sa.text('(CURRENT_TIMESTAMP)')),
+        sa.ForeignKeyConstraint(['outcome_id'], ['outcomes.id'], ),
+        sa.ForeignKeyConstraint(['user_id'], ['users.id'], ),
+        sa.PrimaryKeyConstraint('id')
+    )
+    op.create_index(op.f('ix_bets_id'), 'bets', ['id'], unique=False)
+
+    # Transactions table
+    op.create_table(
+        'transactions',
+        sa.Column('id', sa.Integer(), nullable=False),
+        sa.Column('user_id', sa.Integer(), nullable=False),
+        sa.Column('amount', sa.Float(), nullable=False),
+        sa.Column('transaction_type', sa.Enum('deposit', 'withdrawal', 'bet_placed', 'bet_won', 'bet_lost', 'bet_refund', name='transactiontype'), nullable=False),
+        sa.Column('status', sa.Enum('pending', 'completed', 'failed', 'cancelled', name='transactionstatus'), nullable=True, default='pending'),
+        sa.Column('reference', sa.String(), nullable=True),
+        sa.Column('bet_id', sa.Integer(), nullable=True),
+        sa.Column('created_at', sa.DateTime(timezone=True), server_default=sa.text('(CURRENT_TIMESTAMP)')),
+        sa.Column('updated_at', sa.DateTime(timezone=True), server_default=sa.text('(CURRENT_TIMESTAMP)')),
+        sa.ForeignKeyConstraint(['bet_id'], ['bets.id'], ),
+        sa.ForeignKeyConstraint(['user_id'], ['users.id'], ),
+        sa.PrimaryKeyConstraint('id')
+    )
+    op.create_index(op.f('ix_transactions_id'), 'transactions', ['id'], unique=False)
+
+
+def downgrade():
+    op.drop_index(op.f('ix_transactions_id'), table_name='transactions')
+    op.drop_table('transactions')
+    op.drop_index(op.f('ix_bets_id'), table_name='bets')
+    op.drop_table('bets')
+    op.drop_index(op.f('ix_outcomes_id'), table_name='outcomes')
+    op.drop_table('outcomes')
+    op.drop_index(op.f('ix_markets_id'), table_name='markets')
+    op.drop_table('markets')
+    op.drop_index(op.f('ix_events_id'), table_name='events')
+    op.drop_table('events')
+    op.drop_index(op.f('ix_users_id'), table_name='users')
+    op.drop_index(op.f('ix_users_email'), table_name='users')
+    op.drop_table('users')
--- a/pyproject.toml
+++ b/pyproject.toml
@ -0,0 +1,28 @@
+[tool.ruff]
+line-length = 120
+select = ["E", "F", "B", "I", "N", "UP", "ANN", "S", "A", "COM", "C90", "T10", "EM", "EXE", "ISC", "ICN", "G", "INP", "PIE", "T20", "PT", "Q", "SIM", "TID", "INT", "ARG", "ERA", "PD", "PGH", "PL", "TRY", "RSE", "SLF", "RUF", "YTT"]
+ignore = ["ANN101", "ANN102", "ANN204", "ANN401", "B008", "E501", "INP001"]
+target-version = "py39"
+exclude = [
+    ".git",
+    ".github",
+    ".mypy_cache",
+    ".pytest_cache",
+    ".venv",
+    "venv",
+    "__pycache__",
+    "dist",
+    "migrations",
+]
+
+[tool.ruff.per-file-ignores]
+"__init__.py" = ["F401"]
+"app/tests/*" = ["S101"]
+"app/models/*" = ["ANN"]
+"app/schemas/*" = ["ANN"]
+
+[tool.ruff.isort]
+known-third-party = ["fastapi", "pydantic", "sqlalchemy", "alembic", "jose", "passlib"]
+
+[tool.ruff.flake8-tidy-imports]
+ban-relative-imports = "all"
--- a/requirements.txt
+++ b/requirements.txt
@ -0,0 +1,13 @@
+fastapi>=0.95.0
+uvicorn>=0.22.0
+pydantic>=2.0.0
+pydantic-settings>=2.0.0
+sqlalchemy>=2.0.0
+alembic>=1.10.0
+python-jose[cryptography]>=3.3.0
+passlib[bcrypt]>=1.7.4
+python-multipart>=0.0.6
+email-validator>=2.0.0
+python-dotenv>=1.0.0
+ruff>=0.0.270
+tenacity>=8.2.2