Market
Outcome of ByteDance's TikTok divestment by January 19, 2025?
2
Resolution / Starting Odds
Divestment completed • 25%
Extension granted • 25%
No action taken • 25%
TikTok banned • 25%
Official announcements and credible news reports on the divestment status
Story
Senators Urge Biden to Extend ByteDance's TikTok Divestment Deadline by 90 Days to January 19
Dec 20, 2024, 02:28 AM
Democratic Senator Ed Markey and Republican Senator Rand Paul have urged President Joe Biden to extend the January 19 deadline for China-based ByteDance to divest its U.S. assets related to the short-video app TikTok. The senators are requesting a 90-day extension, arguing that the current deadline requires ByteDance to sell its U.S. operations or face a potential ban. They noted that the law permits such an extension only if there is evidence of significant progress toward executing the divestiture, which they claim does not exist due to the Chinese Communist Party's refusal to allow ByteDance to proceed with the sale.
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Similar markets
No sale completed, TikTok banned • 25%
Extension granted • 25%
Sold to a non-U.S., non-Chinese company • 25%
Sold to a U.S. company • 25%
Extension Granted • 25%
Divestment Completed • 25%
Divestment Announced • 25%
No Divestment • 25%
Nationwide ban enforced • 25%
Other • 25%
Extension granted • 25%
Successful divestiture • 25%
No divestiture • 25%
Divestiture announced but not completed • 25%
Divestiture completed • 25%
Legal challenge delaying divestiture • 25%
ByteDance divests • 25%
Other outcome • 25%
Supreme Court blocks ban • 25%
TikTok banned • 25%
No • 50%
Yes • 50%
Not sold, not banned • 25%
Not sold, banned • 25%
Sold to MrBeast • 25%
Sold to another buyer • 25%