UK Crackdown on Ticket Reselling: Resale for Profit to be Outlawed
The government is set to announce a ban on reselling tickets for more than their original purchase price, effectively ending the practice of ticket touting, which will be enforced by the Competition and Markets Authority. This decision, expected to be included in next year’s King’s speech, follows pressure from artists and concerns over exorbitant markups. While resale platforms will still be able to charge fees, the amount will be capped to prevent artificial inflation. The ban will also apply to social media sites, and resale companies will be legally liable for sellers who do not comply with the new regulations.
John Q. Hosedrinker