Loading...
Market
Will the EU take legal action against X under the DSA by mid-2025?
2
European Commission•Elon Musk•Twitter•Digital Markets Act•DMA•European Union•Musk•SpaceX•Neuralink•xAI•The Boring Company•Digital Services Act•EU
Resolution / Starting Odds
Yes • 50%
No • 50%
Legal filings or announcements from the European Commission
Story
EU May Fine Musk's X Up to 6% of Global Revenue, Including SpaceX and Neuralink Sales
Oct 17, 2024, 10:08 AM
The European Commission has decided that Elon Musk's social media platform X (formerly Twitter) will not be designated as a 'gatekeeper' under the Digital Markets Act (DMA), exempting it from additional regulations aimed at ensuring fairness in digital markets. Despite this, the European Union has warned that it may calculate fines against X by including revenue from Musk’s other businesses—such as SpaceX, Neuralink, xAI, and The Boring Company—under the bloc’s Digital Services Act (DSA). This move could significantly increase potential penalties for X if it fails to comply with content moderation rules aimed at addressing illegal content and disinformation, which can amount to fines up to 6% of global annual revenue. The EU is considering this approach to address concerns over illegal content and disinformation on the platform.
View original story
Similar markets
X is fined • 25%
X is required to make operational changes • 25%
X faces a temporary suspension • 25%
No significant action taken • 25%
No action taken • 25%
Warning issued • 25%
Fines imposed • 25%
Gatekeeper designation • 25%
Yes • 50%
No • 50%
No action taken • 25%
Fined less than 6% of revenue • 25%
Fined 6% of revenue • 25%
Significant operational changes mandated • 25%
No further action • 25%
Minor changes implemented • 25%
Major changes implemented • 25%
Platform sanctioned • 25%
No action taken • 25%
Warning issued • 25%
Fines imposed • 25%
Other penalties • 25%
No Breach Confirmed • 25%
Breach Confirmed, No Fines • 25%
Breach Confirmed, Fines Imposed • 25%
Breach Confirmed, Changes Required • 25%
No action taken • 25%
Fine imposed • 25%
Changes required without fine • 25%
Other • 25%
Yes • 50%
No • 50%
Elon Musk • 25%
Linda Yaccarino • 25%
A legal representative • 25%
Other • 25%