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Here in Norway they passed a law which states you can only resell tickets at face value. I'm sure there are some scalpers still but I can't recall reading about
by magicalhippo 5mo ago
Here in Norway they passed a law which states you can only resell tickets at face value. I'm sure there are some scalpers still but I can't recall reading about it in the news the way I did before the law.
- llsf 5mo agoMaybe that is what we need in US too. Matt Haney is trying to do something with AB 1720 (Resale Price Cap), and Ticketmaster is supporting it. https://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202520260AB1720 https://leginfo.legislature.ca.gov/faces/billNavClient.xhtml... I am not sure why a bill would set some magic and arbitrary percentage other than 0%. This has likely be negotiated with the industry.
- llsf 5mo agoThinking more on those 10% cap, it would allow scalpers to sell the original ticket to themselves, over and over, to eventually reach the price of the market. Unless Ticketmaster takes a significant proportional bite at every resell, nothing prevents scalpers to triple the price of the original ticket, but reselling in a loop.