I don't know what is going on, and I have tried to change my time zones in Outlook.Office365.com around to see if that fixes the issue.
I use Outlook's Interests/Sports Calendar for sporting events going on in and around Seattle. When I added the sports teams to the calendar, I am getting the wrong start times. (I would include a screenshot, but the system would not allow to me insert image.)
Please look into this bug and correct as soon as possible. Otherwise these Outlook provided calendars are useless.