Resolution criteria

The race will be held on 4 November 2025 at Melbourne's Flemington Racecourse, with the Melbourne Cup run at 3:00pm AEST on Tuesday, 4th November 2025. The market resolves YES for whichever horse is declared the official winner. The Melbourne Cup field is made up of 24 horses with no emergencies, and the final field for the Melbourne Cup 2025 was decided on Saturday 1st November. Results can be verified at official racing sources including the VRC website (https://www.vrc.com.au/) or major Australian racing news outlets.

Background

The 2025 Melbourne Cup will be the 165th running of the Melbourne Cup with total prize money of A$10 million. Al Riffa is the favourite with Paddy Power to win the Melbourne Cup after an emphatic success in the Irish St Leger, while Half Yours, the Caulfield Cup winner, is the current Melbourne Cup favourite. Parchment Party will become the first US trained horse to contest the Melbourne Cup, adding international intrigue to the field.

Considerations

Knight's Choice won the 2024 Melbourne Cup as the first Australian bred Melbourne Cup winner since Vow And Declare (2019), demonstrating that international favourites don't always prevail. History states that carrying 59kg is a significant challenge, which is relevant given the topweight contenders in this year's race.