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Market
What action will TikTok take by January 19, 2025, in response to the divestment law?
2
Resolution / Starting Odds
Sell U.S. Operations • 25%
Cease U.S. Operations • 25%
Win Legal Battle • 25%
Other Action • 25%
Official announcements from TikTok
Story
TikTok Appeals to Supreme Court to Overturn Law Threatening U.S. Ban by January 19, 2025
Dec 15, 2024, 09:38 AM
TikTok and its parent company ByteDance are set to appeal a recent federal law to the U.S. Supreme Court, which requires the company to divest its U.S. operations or face a ban. The law, known as the Protecting Americans from Foreign Adversary Controlled Applications Act, gives ByteDance until January 19, 2025, to sell TikTok to a U.S. buyer or cease operations in the country. TikTok has argued that the law violates First Amendment rights, but a panel of three judges from the U.S. Court of Appeals for the District of Columbia Circuit upheld the law's constitutionality. The company has expressed its intention to take the case to the Supreme Court, which has a history of protecting free speech. Amidst this legal battle, billionaire Frank McCourt has shown interest in acquiring TikTok if ByteDance is forced to sell, and TikTok has started preparing users for a potential ban by allowing them to request their data. The potential ban would affect over 170 million American users.
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Divest ownership • 25%
Seek further legal action • 25%
Comply without divestiture • 25%
No action taken • 25%
ByteDance divests TikTok's U.S. assets • 25%
ByteDance does not divest TikTok's U.S. assets • 25%
ByteDance sells TikTok to a U.S. company • 25%
ByteDance retains TikTok through legal means • 25%
Seek Supreme Court intervention • 25%
Negotiate with U.S. government • 25%
Comply with the ban • 25%
Other actions • 25%
TikTok continues operations as usual • 25%
TikTok faces operational restrictions • 25%
TikTok is sold to a U.S. company • 25%
TikTok ceases operations in the U.S. • 25%
Divests TikTok • 25%
Does Not Divest • 25%
Finds Alternative Solution • 25%
Awaiting Supreme Court Decision • 25%
Complete Sale • 25%
Spin-off • 25%
Joint Venture • 25%
Other • 25%
ByteDance sells TikTok • 25%
ByteDance retains TikTok • 25%
TikTok operations suspended • 25%
Other action • 25%
Relocate operations • 25%
Seek legal action • 25%
Negotiate with U.S. government • 25%
Other actions • 25%
Divest US assets • 33%
No divestment • 33%
Partial divestment • 33%
TikTok banned • 25%
TikTok sold to U.S. company • 25%
Legal appeal filed • 25%
Operations continue as is • 25%