Odds to Win Most Gold Medals at 2026 Winter Olympics (Norway Takes Over as Overwhelming Favorite)

We're approach the halfway mark of the 2026 Winter Olympics!

There have already been plenty of medals handed out, and the race for which country will win the Olympics by winning the most golds has largely already been decided.

Let's take a look at the latest odds to win the most gold medals, which will tell the story of how these Olympics have gone.

2026 Winter Olympics Gold Medal Odds

Odds via FanDuel Sportsbook

Norway -180
USA +380
Germany +700
Canada +1500
Switzerland +3000
Italy +3500
Netherlands +5500
China +5500
Sweden +6500
France +6500
Belgium +10000
Finland +10000
Australian +10000
Japan +10000
South Korea +10000
Slovenia +10000
Poland +10000
Czech Republic +10000
Great Britain +10000
Austria +10000

Norway has taken over as the -1500 favorite at FanDuel to finish with the most gold medals, which is an implied probability of 93.75%. As of updating this article, Norway has seven gold medals, one more than Italy, with six, but there are plenty of events still to come that the Norwegians are expected to medal in.

The only country within reach is the United States of America, which currently has four gold medals, but like Norway, it has plenty of events left to rack up some golds.

Heading into the Winter Games, Norway was listed as the -180 favorite to finish with the most gold medals. They finished with the most golds in three straight Olympics heading into this year's Winter Games.

Not only has Norway dominated the Olympics thus far, but there are some countries that have failed to live up to expectations, further opening the door for yet another Norway win. Canada was fourth on the odds list at +1500, but as of updating this article, they have yet to win a single gold.

Italy entered the Games at +3500 to win the most gold in their home country, but despite having the second most gold at the moment, with six, their odds have fallen to +8000, due to few prospective gold winners in the second half of the Games.

Norway is well on its way to cruising to another win at the Winter Olympics.

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Odds refresh periodically and are subject to change.

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