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Will TikTok establish an office in Venezuela by June 30, 2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from TikTok or Venezuelan government
Story
Venezuela Fines TikTok $10 Million, Orders Office Setup Over Viral Challenges That Killed Three Children
Dec 30, 2024, 10:33 PM
Venezuela's Supreme Court has imposed a $10 million fine on TikTok for failing to implement measures to prevent viral video challenges that have allegedly led to the deaths of three children due to the ingestion or inhalation of chemical substances. The court also ordered TikTok to establish an office in Venezuela to ensure compliance with local laws. The fine must be paid within eight days, or further sanctions may be imposed. The money from the fine will be used to create a fund for victims of these challenges, particularly aimed at compensating for psychological, emotional, and physical damages to children and adolescents.
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Both actions • 25%
Establish office only • 25%
No action • 25%
Pay fine only • 25%
Sold to non-Chinese company • 25%
Other resolution • 25%
Banned in the U.S. • 25%
Operates under U.S. subsidiary • 25%
More negative • 25%
More positive • 25%
Mixed reactions • 25%
No change • 25%
Other status • 25%
Fully operational • 25%
Partially restricted • 25%
Banned • 25%
No • 50%
Yes • 50%
Negotiated settlement • 25%
Sale • 25%
Ban • 25%
No change • 25%