The orginal government budget for the London Olympics was £2.375 billion

In March 2007 The Culture Secretary, Tessa Jowell, told MPs the cost of the games had risen to £9.3 billion.(The Scotsman, 16 March 2007)

Costs are likely to continue to grow, but how high? I hope that this prediction market will provide a more accurate answer than any public statements made by Government officials.

And in the process perhaps it will direct some attention to other potential uses of prediction markets for the public good. See one suggestion I have made via my blog, re Prediction markets as a source of independent and continuous evaluation for development projects?

Usefull web links (Please suggest others)

INTERNATIONAL OLYMPIC COMMITTEE – OLYMPIC GAMES, at http://www.olympic.org/uk/games/london/index_uk.asp

The official site of the London 2012 Olympic Games and Paralympic Games, at http://main.london2012.com/en

BBC.CO.UK – 2012 Olympic Games, at http://www.bbc.co.uk/london/sport/olympic_2012/

Mayor of London – 2012 Olympic Games, at http://www.london.gov.uk/mayor/olympics/index.jsp

London Olympics 2012 – The Independent London Olympics 2012 website, at http://www.londonolympics2012.com/

2012 Summer Olympics – Wikipedia, the free encyclopedia, at http://en.wikipedia.org/wiki/2012_Summer_Olympics