The FTC is ordered to prevent โunfair, deceptive, and anti-competitive conduct in the secondary ticketing market.โ
President Donald Trump signed an executive order on Monday aimed at curbing โexploitative ticket scalpingโ and price-gouging practices in live entertainment events.
โAmericaโs live concert and entertainment industry is the envy of the world,โ Trump stated in his order. โBut it has become blighted by unscrupulous middlemen who sit at the intersection between artists and fans and impose egregious fees while providing minimal value.โ
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 โensure price transparency at all stages of the ticket-purchase processโ and to โtake enforcement actionโ if deemed appropriate to prevent โunfair, deceptive, and anti-competitive conduct in the secondary ticketing market.โ
The order specifically emphasized enforcing the Better Online Ticket Sales (BOTS) Act, which grants the FTC authority to take action against scalpers who use bots to buy tickets.
Singer-songwriter Kid Rock, whom Trump described as โa good friendโ for many years, was also present during the signing in the Oval Office.
Kid Rock, whose real name is Robert James Ritchie, called the move โa great first stepโ in tackling ticket scalping and thanked Trump for making it happen โat lightning speed.โ
He also voiced hope for the passing of legislation that would cap the price of resale tickets.
โAnyone whoโs bought a concert ticket in the last decade, maybe 20 years, no matter what your politics are, knows it is a conundrum,โ the musician said at the event.
โYou buy a ticket for $100. By the time you check out, itโs $170. You donโt know what youโve been charged for, but more importantly, these bots you know, they come in, they get all the good tickets to your favorite shows you want to go to, and then theyโre re-listed immediately for sometimes 400 or 500 percent markup,โ he added.
Byย Aldgra Fredly