The FTC is ordered to forestall ‘unfair, misleading, and anti-competitive conduct within the secondary ticketing market.’
President Donald Trump signed an govt order on Monday aimed toward curbing “exploitative ticket scalping” and price-gouging practices in reside leisure occasions.
The order directs the Federal Commerce Fee (FTC) to work with Treasury Secretary Scott Bessent and Lawyer Normal Pam Bondi to make sure that scalpers who purchase occasion tickets in bulk and resell them at inflated costs absolutely adjust to the Inner Income Code and different relevant legal guidelines, in line with a White Home reality sheet.
It additionally instructs the FTC to “guarantee value transparency in any respect levels of the ticket-purchase course of” and to “take enforcement motion” if deemed applicable to forestall “unfair, misleading, and anti-competitive conduct within the secondary ticketing market.”
The order particularly emphasised implementing the Higher On-line Ticket Gross sales (BOTS) Act, which prohibits the sale of occasion tickets obtained by means of a circumvention violation.
Singer-songwriter Child Rock, whom Trump described as “a great pal” for a few years, was additionally current in the course of the signing within the Oval Workplace.
This story can be up to date with further data.
