The D.C. Council unanimously approved a bill Tuesday that aims to make resold concert or game tickets cheaper.
The Restricting Egregious Scalping Against Live Entertainment (RESALE) Act bans bot scalpers, speculative tickets (where people or companies sell tickets they don’t have yet) and surveillance pricing (where websites use customer data to decide how much to charge them.
Some concert venues and artists say the secondary market is the reason resale tickets are so expensive.
The RESALE Act also puts a 10% price cap on resale tickets. Resellers would have to reveal the original price they paid, and anyone who resells 50 or more tickets must register as a business with the District.
The regulations will take effect Jan. 1 if they pass a 30-day review period.
The trade group that represents resellers like StubHub said it believes the bill will only drive scalping underground. It also believes the primary market is the problem and prices are so high because of Ticketmaster. Back in April, a federal jury ruled it was an illegal monopoly.
Live Nation previously told News 4, “We support legislation that addresses the real issues in ticketing: predatory resale sites and scalpers who scam fans and siphon millions from the live event experience while contributing nothing back. That’s why we support banning speculative ticketing and efforts to cap resale prices.”
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