This market is a direct copy of a market from Polymarket (https://polymarket.com/event/will-congress-pass-bill-banning-tiktok-by-april-30?tid=1709852278365). The resolution of this market will mirror the resolution of the original market.
The description of the original market:
"This market will resolve to "Yes" if any bill is passed by both the US House and Senate by April 30, 2024, 11:59 PM ET, that has the effect of banning use of TikTok under its present ownership (ByteDance) by at least a majority of Americans. Otherwise, this market will resolve to "No".
If the bill in question requires TikTok to be sold, and effectively bans the app if it is not sold in the future, this will suffice to resolve the market to "Yes".
The primary resolution source for this market will be information from the US government, however a consensus of credible reporting will also be used."
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Inactive creator, modresolving YES per polymarket. Link in the description appears incorrect, assuming it is the same market as this one:
"Shares of Snap Inc., a key TikTok competitor, jumped 4.7% on Wednesday."
If you know something about NO you could make some pretty good money on https://finance.yahoo.com/quote/SNAP/options/?date=1714089600&type=puts
I would advise caution with this market. There is no bill going through the senate that explicitly bans TikTok. There is a bill that will allow the president to identify and designate social media platforms as national security threats, but the bill does not mention TikTok once. It is possible that the bill passing alone will not be enough for Polymarket to resolve this to "Yes".
@B39335 Seems pretty clear to me.
This market will resolve to "Yes" if any bill is passed by both the US House and Senate by April 30, 2024, 11:59 PM ET, that has the effect of banning use of TikTok under its present ownership (ByteDance) by at least a majority of Americans. Otherwise, this market will resolve to "No".
@B39335 The bill passed by the House does mention TikTok and Bytedance by name https://www.congress.gov/118/bills/hr7521/BILLS-118hr7521rfs.pdf