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What action will the EU take against TikTok by end of 2024?
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Resolution / Starting Odds
Fine imposed • 25%
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Other outcome • 25%
Official announcement from the European Union or related regulatory bodies.
Story
TikTok Appeals U.S. Ban to Supreme Court Amid Global Scrutiny and EU Probe
Dec 22, 2024, 06:49 AM
TikTok faces an imminent ban in the United States, set to take effect on January 19, unless its parent company ByteDance divests from its U.S. operations. The platform, which boasts one billion users globally, has been embroiled in controversies worldwide, including allegations of espionage in the U.S. and suspected foreign interference in Romania's presidential election. In response to the potential ban, TikTok has appealed to the U.S. Supreme Court, arguing that the ban represents a significant infringement on free speech. The case is set to be heard on January 10. Meanwhile, the European Union has initiated an investigation into TikTok's recommendation systems and political content management, with potential fines up to 6% of its annual turnover if violations are found. The platform's future remains uncertain as it navigates these legal and regulatory challenges.
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Ban from EU market • 25%
TikTok fined • 25%
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