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What will be the amount of fine imposed on X if found guilty of breaching the Digital Services Act by end of 2024?
2
Resolution / Starting Odds
Up to 2% of global revenue • 25%
2% to 4% of global revenue • 25%
4% to 6% of global revenue • 25%
No fine imposed • 25%
Official EU Commission announcements or legal documents
Story
EU Finds Elon Musk's X in Breach of Digital Services Act Over Blue Checks, Faces 6% Fine
Jul 12, 2024, 10:45 AM
The European Union has issued preliminary findings that Elon Musk's social media platform X is in breach of the Digital Services Act (DSA). The EU Commission has accused X of deceptive practices related to its blue check verification system, which now allows users to pay for verification without actual verification, misleading users. Additionally, X has failed to meet advertising transparency requirements, has not provided data access to researchers, and has used dark patterns. These violations could result in a fine of up to 6% of X's global revenue if confirmed. EU Chief Thierry Breton stated that X has the right to defend itself, but significant changes will be required if the findings are upheld.
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Similar markets
Fine less than 1% of global revenue • 25%
Fine between 1% and 3% of global revenue • 25%
Fine between 3% and 6% of global revenue • 25%
No fine imposed • 25%
Yes • 50%
No • 50%
No additional fines • 25%
1 additional fine • 25%
2 additional fines • 25%
3 or more additional fines • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
