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The beloved social media platform with approximately 170 million American users is set to go dark on Sunday.
The current betting market focuses on whether the president-elect, Donald Trump, will lift the ban.
Gamblers aren't so sure.
At BetOnline they are saying Trump will not overturn, even with son Barron reportedly being a big fan of the platform.
Will Trump overturn TikTok ban in first 100 days of presidency?
Yes +125
No -165
U.S. app stores are prohibited from hosting TikTok unless Chinese parent company ByteDance divests from it.
Trump says he opposes the TikTok ban taking effect.
In a recent filing he asked,, “Why would I want to get rid of TikTok?” on Truth Social, posting a graphic that boasted his popularity on the platform and the billions of views his official accounts and hashtags associated with him have garnered.
Son Barron might not be affected by the ban as it only applies to app stores ability to sell the platform to new customers. However, TikTok's parent company has suggested it will leave the U.S. market should the ban go into place.
Forbes offers a good take on this:
"While any executive order could give time to negotiate a deal with ByteDance, if he pauses the law without actual evidence showing ByteDance is divesting, the executive order may not be legally sound, meaning it could be challenged in court and the ban could take effect anyway—or companies like Apple and Google could still take TikTok off their app stores regardless of what Trump says, in order to avoid any potential legal liability.
"Trump could also similarly just declare TikTok in compliance with the law—regardless of whether or not it’s actually separated from ByteDance—University of Minnesota law professor Alan Rozenshtein noted, which would keep TikTok legal but similarly leave room for the move to be challenged in court or ignored by companies if ByteDance hasn’t actually divested.
"Beyond that, Trump can’t do much: He could try to negotiate a deal for TikTok to be sold to a U.S. company so it would properly comply with the law, but if ByteDance isn’t willing to sell—which so far it isn’t—the ban will stay in effect unless Congress decides to repeal the law."
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