UK Government Proposes Ticket Resale Cap

The UK Government has initiated a public consultation to address the issue of ticket touting, which has seen fans facing exorbitant resale prices for events like concerts and sports. Proposed measures include capping resale prices, potentially limiting them to the original price or a maximum 30% increase, and increasing accountability for ticket resale websites. Research indicates that ticket touts cost fans an estimated £145 million annually, with some tickets reselling for up to six times their original cost. The consultation will also explore dynamic pricing practices that have drawn criticism from consumers. Meanwhile, in New York, a Senate bill is being introduced to extend existing ticket regulations and combat high-tech ticket-buying bots, aiming to enhance transparency and protect consumers from predatory practices. Both efforts reflect a growing recognition of the need for fairer ticketing practices across the entertainment industry.