Comment by llsf
6 days ago
Maybe 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...
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.
Thinking 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.