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Will the fine on X be revoked or reduced by the end of 2024?
2
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from Brazilian court or government publications
Story
Brazil's Supreme Court, Led by Minister Alexandre de Moraes, Forces X to Close Operations Amid R$50,000 Fine
Aug 17, 2024, 03:27 PM
Brazil's Supreme Court, led by Minister Alexandre de Moraes, has intensified its censorship efforts, resulting in significant actions against the social media platform X. The court has issued demands for censorship and user data, affecting not only Brazilian users but also those in the United States and Argentina. This has led to X facing a R$50,000 (approximately $10,000 USD) fine and threats of arrest against its staff, prompting the platform to close its operations in Brazil effective immediately. Despite the closure of its offices, X remains accessible to Brazilian users. The actions of Justice de Moraes have sparked controversy and criticism, with some viewing his measures as authoritarian and a threat to free speech.
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Similar markets
No additional fines • 25%
Fines less than $500,000 • 25%
Fines between $500,000 and $1 million • 25%
Fines over $1 million • 25%
Fine paid in full • 33%
Fine reduced • 33%
Fine annulled • 34%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
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%
