Trump Signs Order to Crack Down on Ticket Price Gouging

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The FTC is ordered to prevent โ€˜unfair, deceptive, and anti-competitive conduct in the secondary ticketing market.โ€™

President Donald Trump signed an executive order on Monday aimed at curbing โ€œexploitative ticket scalpingโ€ and price-gouging practices in live entertainment events.

โ€œAmericaโ€™s live concert and entertainment industry is the envy of the world,โ€ Trump stated in his order. โ€œBut 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 โ€œensure price transparency at all stages of the ticket-purchase processโ€ and to โ€œtake enforcement actionโ€ if deemed appropriate to prevent โ€œunfair, 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 โ€œa 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 โ€œa great first stepโ€ in tackling ticket scalping and thanked Trump for making it happen โ€œat lightning speed.โ€

He also voiced hope for the passing of legislation that would cap the price of resale tickets.

โ€œAnyone whoโ€™s 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.

โ€œYou buy a ticket for $100. By the time you check out, itโ€™s $170. You donโ€™t know what youโ€™ve 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 theyโ€™re re-listed immediately for sometimes 400 or 500 percent markup,โ€ he added.

Byย Aldgra Fredly

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