TikTok Ban Has Passed The Congress – No More Doom Scrolling?

There are many things to consider when we are talking about countries banning one of the biggest social media platforms in our modern era. However, the TikTok ban has passed the Congress in the United States. This indicates that soon we might say goodbye to either TikTok or ByteDance will be forced to sell the company to a US-verified company to have the platform keep running. Complicated situation… that’s why we can bet on it!

TikTok is what keeps us up at night, literally. It seems that the endless flow of meme videos is soon over in the United States of America. To fight potential threats of espionage and exploitation from the Chinese Government, several senators have created a Bill to regulate TikTok. It quickly passed the legislative houses, and just a few days ago, the TikTok ban passed the congress.

President Joe Biden answered the inquiries about the bill, stating that he is going to sign it the moment it arrives at his desk, so he can turn to more important matters, namely assisting Ukraine in the war. If you are interested in the betting opportunities surrounding TikTok and its future, then please register at some of the online sportsbook sites in the US. In this article, we are going to explain what the legislation means, and what chances ByteDance has to keep TikTok alive.

The TikTok Ban Has Passed The Congress

Those who wagered on the USA TikTok ban odds can celebrate today! As the bill has passed Congress, it is time to talk about the general issues with TikTok, and what chances the platform has to survive. Keep in mind that the ban is not a punishment against ByteDance, nor it is an attempt to silence the citizens using this platform. However, TikTok has thousands of different reasons why it should be limited or banned, in different categories.

The problem with the regulation and ban comes from the fact that thousands of citizens make a living out of being a TikTok influencers. Those whose livelihood depends on the income generated from TikTok are going to receive major damage to their revenue. However, there are alternative platforms which they can use. To be able to bet on TikTok’s future, please register at 22BET Sportsbook!

What’s The Issue With TikTok?

The TikTok ban has passed the congress today. But what is the main issue with TikTok? Why is the US, and in fact, many other countries trying to get rid of TikTok so much? Well, this is a different face from Facebook and other social media platforms. According to Billboard, the main reason for trying to remove TikTok as a company is because the mother company is based in China. There is a high likelihood of espionage, surveillance, maligned operations, and harm to vulnerable Americans.

Among other reasons which were not mentioned, but are obvious. Such as the trend of stealing cars, people sharing quick guides on thievery, hacking, and generally showing a false cancel culture. Ultimately, TikTok is also huge on spreading misinformation and making people believe in pseudoscience and generally non-scientific statements based on influencer storytelling skills.

Joe Biden Signed – TikTok Ban Has Passed The Congress

As we have said earlier, Joe Biden immediately stated that he would sign the bill the moment it arrived at his desk, it is no question. This is not an attack on ByteDance, nor is it a tool to silence political influencers. We also believe this is not even a poke against China. Simply, the platform is just not too healthy, and there are no true ways of regulating it. According to The Verge, the bill, and thus the United States White House gave a deadline for ByteDance to sell TikTok to a US-approved company.

That way, TikTok as a platform can still operate inside of the United States. However, by no means under ByteDance’s ownership. If TikTok’s source code and database are sold to a US company, that way the on-site regulations can crop out suspicion and issues the way the US couldn’t do it with a Chinese company today.

Will TikTok Get Banned In The US?

After the TikTok ban passed the government, it seems that a ban is more likely than it was ever before. According to NBC News, no matter what happens, a TikTok ban can be years ahead of us. At the minimum, the ban would go live the next year. We have to consider many things. For one, penalties for VPN usage, are the income of those who are affiliated by TikTok or ByteDance in any way or form.

The legal, leading US companies employ people to make marketing on TikTok, and of course, the time ByteDance needs to legally try to either combat the bill or pick the right US company to sell the platform to. And of course, to make sure that data is safe while they are selling the company. In conclusion, the answer is still a gamble, with the odds leaning on a ban.

Who Will Buy It? – TikTok Ban Has Passed the Congress

Of course, we also have to talk about the companies who have the potential to buy TikTok. We have odds on who will buy TikTok, but it is pretty much a question left unanswered. Most people believe that the big social media platforms are trying to merge their own with TikTok. This could indicate Mark Zuckerberg, Elon Musk, and many of the famous entrepreneurs to try their hands at purchasing the platform.

However, chances are that ByteDance might sell the company to a new competitor in the social media industry. In case TikTok gets banned, nothing would prevent Meta, X, Amazon, Bluesky, and any other social media platforms from creating a perfect replica for the US citizen, as the Chinese laws would not apply in US lands.

How To Bet On It?

Finally, we are talking about betting opportunities. The TikTok ban has passed the congress, and even Joe Biden signed the bill. However, the regulation does not indicate that the US will be the next country to ban TikTok. As the TikTok CEO has stated, this is not the end of a story, but the beginning of a long process. In conclusion, the ban on TikTok is still up for debate. Would it count as a ban, if they sold it and renamed the whole platform?

No matter what happens, for us the only thing that matters is to pick the right odds. If you are interested in betting on the upcoming ban of TikTok, then all you have to do is register at 22BET Sportsbook and browse the TikTok selection at the special bet categories.

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