Trump Signs executive order to combat ticket scalping and protect consumers in entertainment industry
President Trump signs an executive order to combat ticket scalping, ensuring fair prices for fans and transparency in the resale market. Joined by Kid Rock, he targets bots and middlemen who exploit the system, driving up costs. The order enforces stricter regulations, mandates federal oversight, and protects both consumers and artists. Will this bring an end to outrageous ticket markups?
President Trump signed an executive order to address ticket scalping in the entertainment industry, aiming to protect consumers from inflated prices. The order directs the Federal Trade Commission (FTC) and the Attorney General to enforce competition laws and the Better Online Ticket Sales (BOTS) Act, promoting transparency in the ticket-purchasing process. This includes ensuring accountability from all parties involved in the resale process.
Trump’s executive order targets ticket scalping, ensuring fair prices for fans and artists
The initiative follows Trump’s campaign promise to combat high ticket prices, which often result from third-party brokers exploiting the secondary market. By doing so, the order hopes to ensure more affordable access for fans.
Trump’s order seeks to curb unfair practices and promote fairer pricing for fans while protecting artists' interests. It encourages regulatory bodies to take action against any deceptive and anti-competitive behaviors.
Kid Rock backs Trump’s crackdown on ticket scalping, calls for fairer prices for fans
Kid Rock, who attended the signing, emphasized the impact of scalpers on concert-goers, explaining that high prices harm both fans and artists. He also noted the unfairness of bots taking tickets away from genuine fans, only to resell them at marked-up prices.
This executive order is seen as a significant step toward ending the exploitation of consumers in the live entertainment sector. By enforcing stricter regulations, Trump aims to create a more transparent and fair ticketing environment.