Market
What will be TikTok's response to Venezuela's fine and office setup order by June 30, 2025?
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Resolution / Starting Odds
Pays fine and sets up office • 25%
Pays fine but no office setup • 25%
Does not pay fine but sets up office • 25%
Neither pays fine nor sets up office • 25%
Official announcements from TikTok or Venezuelan government
Story
Venezuela Fines TikTok $10 Million, Orders Office Setup Over Viral Challenges That Killed Three Children
Dec 30, 2024, 10:33 PM
Venezuela's Supreme Court has imposed a $10 million fine on TikTok for failing to implement measures to prevent viral video challenges that have allegedly led to the deaths of three children due to the ingestion or inhalation of chemical substances. The court also ordered TikTok to establish an office in Venezuela to ensure compliance with local laws. The fine must be paid within eight days, or further sanctions may be imposed. The money from the fine will be used to create a fund for victims of these challenges, particularly aimed at compensating for psychological, emotional, and physical damages to children and adolescents.
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Establish office only • 25%
No action • 25%
Both actions • 25%
Pay fine only • 25%
Fine overturned • 25%
Fine reduced • 25%
Fine upheld • 25%
Case unresolved • 25%
Other • 25%
Divestment from TikTok • 25%
Legal challenge • 25%
Complete withdrawal from U.S. market • 25%
Divest from ByteDance • 25%
Other actions • 25%
Comply with the ban • 25%
Challenge in court • 25%
Other • 25%
Appeal the ban • 25%
Comply with the ban • 25%
Sell TikTok US operations • 25%
Continues operations without compliance • 25%
Sells TikTok to a non-China-based company • 25%
Permanently shuts down TikTok in the U.S. • 25%
Negotiates a delay or solution with U.S. government • 25%
Ban is indefinitely postponed • 25%
Ban is enforced • 25%
Ban is lifted without sale • 25%
Ban is lifted following sale • 25%