Market
What will be the resolution of ByteDance's divestment from TikTok by June 30, 2025?
3
Resolution / Starting Odds
Divestment completed • 25%
Divestment ongoing • 25%
Divestment blocked • 25%
Other resolution • 25%
Official announcements from ByteDance or regulatory filings
Story
TikTok Challenges Canadian Shutdown Order Amid U.S. Divestment Law Upheld Effective January 19, 2025
Dec 11, 2024, 03:15 PM
TikTok has filed a legal challenge against the Canadian government's order to dissolve its operations in the country. The company submitted an emergency motion to block the shutdown, arguing that the government's claim of national security risk is unfounded. This move comes amidst broader scrutiny of TikTok, particularly in the U.S., where a recent appeals court upheld a law requiring its Chinese parent company, ByteDance, to divest the app. The U.S. law is set to take effect on January 19, 2025, raising concerns about a potential ban. TikTok's actions in Canada reflect its ongoing battle against regulatory pressures in multiple jurisdictions.
View original story
Similar markets
Full divestment completed • 25%
Partial divestment • 25%
Other outcome • 25%
No divestment, TikTok banned • 25%
Successful Deal • 25%
Ongoing Negotiations • 25%
Temporary Extension Granted • 25%
No Deal, TikTok Banned • 25%
Extension granted • 25%
Sold to a U.S. company • 25%
Sold to a non-U.S., non-Chinese company • 25%
No sale completed, TikTok banned • 25%
Ownership Changes to Another Entity • 25%
Ownership Structure is Dissolved • 25%
Ownership Changes to Project Liberty • 25%
Ownership Remains Unchanged • 25%
Divestment completed • 25%
No action taken • 25%
TikTok banned • 25%
Extension granted • 25%
