Overview
- President Donald Trump signed an executive order targeting exploitative ticket scalping and inflated resale prices in the live entertainment industry.
- The order emphasizes enforcement of the Better Online Ticket Sales (BOTS) Act to prevent bots from purchasing tickets in bulk and reselling them at significant markups.
- Federal agencies, including the FTC and DOJ, are tasked with ensuring price transparency and addressing unfair practices in both primary and secondary ticket markets.
- A report is required within six months outlining actions taken and recommending additional measures to protect consumers from deceptive and anti-competitive conduct.
- The initiative builds on prior Biden administration efforts to address junk fees and monopolistic practices, receiving mixed reactions regarding its potential effectiveness.