Market
What will be the outcome of ByteDance's TikTok divestment by January 19, 2025?
2
Resolution / Starting Odds
Sold to a U.S. company • 25%
Sold to a non-U.S., non-Chinese company • 25%
No sale completed, TikTok banned • 25%
Extension granted • 25%
Official announcements from ByteDance, the purchasing company, or the U.S. government
Story
U.S. Court Unanimously Upholds TikTok Ban; ByteDance Must Sell by Jan. 19 or Face Ban
Dec 6, 2024, 04:00 PM
On December 6, 2024, the U.S. Court of Appeals for the District of Columbia Circuit unanimously upheld a law requiring TikTok's Chinese parent company ByteDance to divest its ownership of the popular short video app in the United States by January 19, 2025, or face a ban. The legislation, passed by Congress and signed into law by President Joe Biden in April, aims to address national security concerns over TikTok's Chinese ownership. With 170 million U.S. users, TikTok faces a potential nationwide ban if ByteDance fails to sell the platform to a non-Chinese company by the deadline. The court's decision affirms the constitutionality of the law, allowing the U.S. government to take action to protect national interests. The President has the authority to grant a 90-day extension if there is progress toward divestment.
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Similar markets
Extension granted • 25%
Divestment completed • 25%
TikTok banned • 25%
No action taken • 25%
Other • 25%
Extension granted • 25%
Nationwide ban enforced • 25%
Successful divestiture • 25%
Divestiture announced but not completed • 25%
No divestiture • 25%
Legal challenge delaying divestiture • 25%
Divestiture completed • 25%
Sold to MrBeast • 25%
Not sold, not banned • 25%
Not sold, banned • 25%
Sold to another buyer • 25%
TikTok banned • 25%
ByteDance divests • 25%
Supreme Court blocks ban • 25%
Other outcome • 25%
No divestment • 25%
Complete divestment • 25%
Partial divestment • 25%
Extension granted • 25%
Extension Granted • 25%
Divestment Completed • 25%
Divestment Announced • 25%
No Divestment • 25%
Sold to Kevin O'Leary • 25%
Sold to another non-Chinese entity • 25%
Not sold and banned • 25%
Other • 25%
Divestment completed • 33%
Ban implemented • 33%
Deadline extended • 34%
Acquisition Unsuccessful • 25%
Negotiations Extended • 25%
Deal Canceled • 25%
Acquisition Successful • 25%
Sold to McCourt and O’Leary • 25%
Not sold • 25%
Sale postponed • 25%
Sold to another party • 25%
