The world of Bright is populated by multiple intelligent races. In addition to these intelligent races, there are a number of magical creatures seen in Bright, such as a dragon flying over the LA skyline. There are also fairies, which are less "helpful magical tricksters" and more "annoying, aggressive common pests."
The Races
Humans are a common species, while Orcs are regarded as 'bad' and elves tend to rule the world. There is a scene in the movie where a Centaur is seen in the corner of the screen. All other races are mostly mentioned in passing or speculated on.