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Will Visa settle the antitrust lawsuit with DOJ by December 31, 2024?
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Resolution / Starting Odds
Yes • 50%
No • 50%
Official DOJ press release or court documents
Story
DOJ Files Antitrust Lawsuit Against Visa for Debit Card Monopoly, Stock Falls 5%
Sep 24, 2024, 06:31 PM
The U.S. Department of Justice (DOJ) has filed an antitrust lawsuit against Visa, alleging that the company has illegally monopolized the U.S. debit card market. The DOJ claims that Visa used exclusionary agreements and payments to potential competitors to suppress competition, thereby maintaining its dominance in the market. The lawsuit also alleges that Visa's practices, including exclusive agreements, have driven up costs for businesses and consumers. Visa's stock has fallen by 5% following the news. This marks the Biden administration’s first major antitrust case in the financial services industry. The lawsuit follows a multi-year investigation. Notably, Nancy Pelosi sold a significant amount of Visa stock prior to the lawsuit.
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Yes • 50%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Visa wins the lawsuit • 25%
Visa loses the lawsuit • 25%
Settlement reached • 25%
Case dismissed • 25%
DOJ wins • 25%
Visa wins • 25%
Settlement reached • 25%
Case dismissed • 25%
Visa settles with DOJ • 25%
Visa wins the lawsuit • 25%
DOJ wins the lawsuit • 25%
Case is dismissed • 25%
DOJ wins • 33%
Visa wins • 33%
Settlement reached • 33%
Visa found guilty • 25%
Visa found not guilty • 25%
Case dismissed • 25%
Settlement reached • 25%
Visa changes its business practices • 25%
Visa maintains its current business practices • 25%
Visa introduces new competitive products • 25%
Visa exits certain business segments • 25%