Improved Standard-Model Prediction for π^{0}→e^{+}e^{-}

We present an improved standard-model (SM) prediction for the dilepton decay of the neutral pion. The loop amplitude is determined by the pion transition form factor for π^{0}→γ^{*}γ^{*}, for which we employ a dispersive representation that incorporates both spacelike and timelike data as well as short-distance constraints. The resulting SM branching fraction, Br[π^{0}→e^{+}e^{-}]=6.25(3)×10^{-8}, sharpens constraints on physics beyond the SM, including pseudoscalar and axial-vector mediators.