The 2014 Winter Games goes to… a Russian Black Sea resort, Sochi.

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The Times of London

The prediction markets were not accurate. The readers of Midas Oracle won&#8217-t be surprised by this total debacle, as I did publish a blog post in April 2007 lambasting the incompetents who entertained the idea that betting markets could be predictive on this one. They can&#8217-t.

The bizarre twist in this story is that our George Tziralis was over there, in Guatemala City, attending that damn 119th IOC session. Guess what&#8230- George Tziralis had put his faith on&#8230- Sochi. Congrats, man. First time I see a prediction market expert beating the betting markets. George, you&#8217-re great.





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