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President Donald Trump has directed his Justice Department to pause enforcement of the TikTok ban until early April, but it may not be that easy.
First off, there are questions as to whether Trump has the authority to issue such an order and will TikTok's Chinese-based company actually sell.
The betting market mostly believe TikTok will sell by April, 68 percent.
These were your initial odds courtesy of BetOnline:
Will SCOTUS ban of TikTok be upheld before January 20?
Yes -150
No +110
Will Elon Musk buy TikTok or stake in TikTok in 2025?
Yes +350
No -600
Will Trump overturn TikTok ban in first 100 days of presidency?
Yes +125
No -165
What Trump's TikTok Executive Order Means
In an executive order signed on Monday, Trump instructed the U.S. attorney general to not enforce the ban for 75 days while his administration determines “the appropriate course forward in an orderly way that protects national security while avoiding an abrupt shutdown” of TikTok.
Under a federal law that was upheld by the Supreme Court last week, TikTok’s parent company ByteDance was required to sell the platform to an approved buyer by Sunday or face a nationwide ban. On Saturday evening, a few hours before the ban took effect, TikTok became unusable for U.S. users. But it came back online on Sunday, with TikTok crediting Trump for helping the platform after he vowed on social media to stall the ban.
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The federal law, passed with bipartisan support in Congress last year, provides a 90-day extension if progress has been made toward a sale. But Trump’s executive order now complicates matters for companies who could be liable for delivering TikTok’s service to U.S. users.
TikTok's Fate According to the Betting Markets
Will TikTok be available in the App Store by Friday?
Probably not, at least according to gamblers.
Only 15 percent believe so.
May may bring more hope to TikTok.
76 percent have wagered the app will be available by then. Some $136,000 has been bet on this market thus far.
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