Protecting Americans from Ticket Scalping
President Donald Trump is expected to sign an executive order to protect Americans from 'exploitive ticket scalping' in the concert and entertainment industry by enforcing competition laws, promoting the Better Online Ticket Sales (BOTS) act, ensuring price transparency, and preventing unfair practices in the secondary ticketing market.
Key Points
- President Trump's executive order aims to protect consumers from high ticket prices
- The order directs various government agencies to address unfair ticket scalping practices
- The live concert and entertainment industry has a significant economic impact on the nation
Pros
- Enforcing competition laws in the concert and entertainment industry
- Promoting the Better Online Ticket Sales (BOTS) act
- Ensuring price transparency in the ticket-purchasing process
- Preventing unfair, deceptive, and anti-competitive conduct in the secondary ticketing market
Cons
- Potential challenges in enforcing regulations and legislation in the live concert and entertainment industry
- Resistance from ticket scalpers and middle-men who benefit from exploitive practices