Every time the elections in the United States approach, the arbitration industry becomes particularly sensitive to possible changes in the advertising environment. It is worth noting that the arbitration process usually involves a large amount of advertising expenditures, as the parties try to promote their position and influence the arbitrators’ decisions as much as possible.
The year 2016 was a turning point for the arbitration environment as Facebook and other social media platforms became the subject of complaints about their misuse of political manipulation. Since then, these platforms have begun to control advertising more closely, especially during election campaigns.
One of the main changes was the termination of acceptance of new political ads on Facebook a week before the elections. This was an attempt to prevent possible influence on the electoral process through social media advertising. In addition, all ads, especially those related to politics, were subject to strict moderation.
With the 2024 elections approaching, the arbitration industry has several expectations and potential changes that may affect its operations. Here are some key points to consider:
The upcoming US elections in the fall of 2024 pose several potential challenges for the arbitration industry, especially in the context of advertising strategies on social media platforms. It is expected that platforms will continue to tighten control over political advertising and implement stricter rules for its placement. This may lead to an increased risk of account blocking and restrictions on advertising opportunities for arbitrageurs. However, given these potential challenges, it becomes important to develop alternative strategies and find new ways to influence the audience. Arbitration parties should be prepared for possible changes in the advertising environment and look for the best approaches to successfully resolve their cases.