1948, 1952, 1956, 1960, 1964, 1968, 1972, 1976, 1980, 1984, 1988
Sport often served as an outlet for the intense competition between the Superpowers, and that competition was never so intense as at the Olympics. The Olympics served as a test bed to see which society could make the greatest strides in human physical achievement. It fit neatly into Communist ideology of “the New Man.” The games frequently reflected the global political situation, as with the terrorist attacks in Munich, and became overt political tools with the US boycott of the Moscow games in 1980, and the Soviet boycott of the LA games in 1984.
Time: Early War
Removed after event: No
You can’t play Olympic Games for the event when DEFCON is at 2, because your opponent will boycott and you will lose on DEFCON. Once you realize that, there’s not much else to see: if you play it when DEFCON is greater than 2, no sane opponent would ever boycott, and so you’re basically playing a 2Ops card for an average of 1.25VP. Not a good trade in most circumstances, and in any event, if DEFCON is greater than 2, you should have much greater priorities than hosting the Olympics.
About its only use is as a headline (albeit a rather risky and ineffective one) if you have nothing else to headline, or when you’re truly desperate for VPs. Remember that an Olympic Games headline can cause you to lose the game if your opponent also degrades DEFCON in the headline!
A pedantic footnote: in the Deluxe Edition, the wording of the card’s boycott clause was slightly changed. The new wording (“as if they played a 4 Ops card” instead of “with 4 Operations points”) means that a Olympic Games boycott is now subject to Red Scare/Purge. Not that it ever matters, but it helps clarify the boundaries of Red Scare/Purge, which is often the subject of rules questions.