Norway topped the 2026 Milano Cortina medal table with 41 medals; the United States finished second with 33. Bettors should note Norway’s dominance in Nordic events and expect shorter odds in cross-country and biathlon markets, while the U.S. ice hockey gold over Canada could compress future head-to-head odds between the two nations.
Milano Cortina 2026: Final Medal Standings
The 2026 Milano-Cortina Winter Olympics wrapped after 16 days and 116 events, with athletes from more than 90 countries competing for podium glory. Norway led the overall standings, while the United States closed out a strong Games highlighted by a dramatic overtime victory in men’s hockey over Canada — mirroring the women’s team success.
Top 10 Nations by Medal Count
T-10. Austria — Gold: 5 Silver: 8 Bronze: 5 Total: 18
T-10. Sweden — Gold: 8 Silver: 6 Bronze: 4 Total: 18
9. Netherlands — Gold: 10 Silver: 7 Bronze: 3 Total: 20
8. Canada — Gold: 5 Silver: 7 Bronze: 9 Total: 21
7. Switzerland — Gold: 6 Silver: 9 Bronze: 8 Total: 23
6. France — Gold: 8 Silver: 9 Bronze: 6 Total: 23
5. Japan — Gold: 5 Silver: 7 Bronze: 12 Total: 24
4. Germany — Gold: 8 Silver: 10 Bronze: 8 Total: 26
3. Italy — Gold: 10 Silver: 6 Bronze: 14 Total: 30
2. United States — Gold: 12 Silver: 12 Bronze: 9 Total: 33
1. Norway — Gold: 18 Silver: 12 Bronze: 11 Total: 41
Key Takeaways from the Podium Fight
The medal table reflects both traditional strengths and emerging national programs. Norway’s haul underlines continued supremacy in Nordic and sliding events, while the U.S. showed depth across disciplines and closed the Games with momentum in ice hockey. Host nation Italy capitalized on home advantage to secure a top-three finish.
Event Highlights
The U.S. men’s hockey team clinched gold in overtime against Canada, mirroring the women’s earlier triumph and signaling a potential shift in international ice-hockey rivalries. Norway’s consistent top finishes across cross-country and biathlon translated to a commanding overall win.
Betting Implications and What Punters Should Watch
Norway’s dominance will likely shorten futures and outright markets in Nordic and sliding events; sharp bettors should look for value in niche disciplines where smaller nations or athletes surged.
The U.S. hockey victory suggests tighter head-to-head odds between the U.S. and Canada in upcoming tournaments; live and futures markets around international hockey may adjust accordingly.
Monitor team rosters, retirements and World Cup form for better lines leading into the next season.
Outlook for Paris and Beyond
Medal trajectories at Milano-Cortina set storylines for the next Olympic cycle: Norway remains the benchmark in winter endurance sports, the U.S. is a serious multi-discipline contender, and several nations — notably Italy and Japan — showed depth that could translate into medals at World Championships and future Games.
Canada and USA to meet in charged Olympic finale
With the 2026 Milan Cortina Winter Olympics coming to and end, here are the top 10 countries that won the most medals.
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