Joining Andrew Geoghegan on Ausbiz, Tom Waterhouse talks about the Melbourne Cup carnival's strong results for bookmakers, with outsiders dominating and creating favourable conditions for operators.

Tom also explores the explosive growth of crypto prediction markets, highlighting Polymarket's record US$3.7 billion in US election trading volume, significantly outpacing traditional exchanges.

The discussion concludes with Flutter's latest quarterly performance, including Sportsbet's growth and the company's strong global metrics globally.