The U.S. Supreme Court is hearing oral arguments on Thursday, as TikTok seeks to challenge, a law that would force the app to shut down in the United States by January 19 unless it severs ties with its Chinese parent company ByteDance (See: https://time.com/7205609/supreme-court-tiktok-arguments-ban/)
This market will resolve to "Yes" if the Supreme Court of the United States takes any action, such as issuing a ruling, order, or stay, that prevents or delays the enforcement of the federal law mandating TikTok’s sale or ban by January 19, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No."
Any official Supreme Court action that temporarily halts or permanently blocks the implementation of the law’s January 19 deadline will qualify.
If the law is enforced on or before January 19, 2025, without a qualifying action by the Supreme Court, this market will resolve to "No."
If the Supreme Court does not take any action on the matter by January 19, 2025, 11:59 PM ET, this market will resolve to "No."
The primary resolution source will be official information from the Supreme Court of the United States, however a consensus of credible reporting may also be used.
1,000
3.00https://thehill.com/regulation/court-battles/5090359-supreme-court-opinions-friday-tiktok/
Good luck, everyone. It looks like we'll probably know the outcome of this market at 10 AM ET tomorrow morning. The sudden nature of the announcement arguably points to them saving TikTok. My confidence that this will go no has reduced.
@MalachiteEagle I SERIOUSLY doubt there will be any time for Elon to buy the platform in 5 days, or even for some agreement to be made so the ban can be delayed in that time for him to buy at a future date. Additionally, even conservative SCOTUS justices seemed skeptical of challenges to the ban on First Amendment grounds. And Republican congresspeople aren't as supportive of Tiktok as you might think, even with Trump's support of it. That's how the law scheduling the ban got through in the first place.