As long time readers of this blog will know, I am a strong believer in prediction markets. I think that we should use them to set everything from drug laws to foreign policy. Prediction markets also have a pretty good track record for Olympic medal counts.
“Betfair, a British prediction market, has Germany as the 5/4 favorite for the most medals, Canada second at 12/5, and the US is third, with odds of 9/2.” Read more here.
P.S. The Atlantic article cites one economist’s calculation that the home-field advantage at the Olympics in just 1.8%. Canadians take note.
Betfair’s Vancouver Olympics Ice Hockey page is here.
The Past Speaks 