Market
What will be the future of TikTok's U.S. operations by January 19, 2025?
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TikTok•United States•Supreme Court•Joe Biden•ByteDance•Chinese•American•First Amendment•Project Liberty•Frank McCourt
Resolution / Starting Odds
Continues under ByteDance • 25%
Acquired by Project Liberty • 25%
Operations cease • 25%
Other acquisition • 25%
Official announcements from TikTok, ByteDance, and Project Liberty
Story
TikTok Faces U.S. Ban on January 10, 2025, as ByteDance's 170 Million Users Await Supreme Court Decision
Jan 9, 2025, 07:30 PM
TikTok is facing a potential ban in the United States, with the Supreme Court set to hear arguments on the matter on January 10, 2025. The law, signed by President Joe Biden in April of the previous year, requires TikTok's parent company, ByteDance, to divest its U.S. assets by January 19, 2025, or face a nationwide ban. The ban is driven by concerns over national security, with fears that the Chinese government could access American users' data and manipulate content on the platform. TikTok has challenged the law, arguing that it infringes on the First Amendment rights of its 170 million U.S. users. In response to the looming deadline, Project Liberty, led by billionaire Frank McCourt, has offered to acquire TikTok's U.S. assets, aiming to keep the platform operational without relying on ByteDance's current algorithm. The outcome of the Supreme Court's decision could significantly impact the future of TikTok in the U.S., with potential economic and free speech implications.
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