The FTC is ordered to prevent âunfair, deceptive, and anti-competitive conduct in the secondary ticketing market.â
President Donald Trump signed an executive order on Monday aimed at curbing âexploitative ticket scalpingâ and price-gouging practices in live entertainment events.
The order directs the Federal Trade Commission (FTC) to work with Treasury Secretary Scott Bessent and Attorney General Pam Bondi to ensure that scalpers who buy event tickets in bulk and resell them at inflated prices fully comply with the Internal Revenue Code and other applicable laws, according to a White House fact sheet.
It also instructs the FTC to âensure price transparency at all stages of the ticket-purchase processâ and to âtake enforcement actionâ if deemed appropriate to prevent âunfair, deceptive, and anti-competitive conduct in the secondary ticketing market.â
The order specifically emphasized enforcing the Better Online Ticket Sales (BOTS) Act, which prohibits the sale of event tickets obtained through a circumvention violation.
Singer-songwriter Kid Rock, whom Trump described as âa good friendâ for many years, was also present during the signing in the Oval Office.
This story will be updated with additional information.
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Original News Source Link – Epoch Times
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