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2mo ago

Trump Signs Executive Order to Combat Ticket Scalping in Live Entertainment

The directive aims to enforce existing laws, improve price transparency, and address exploitative practices in the ticketing industry, with further recommendations expected in six months.

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President Donald Trump signed an executive order on Monday next to musician Kid Rock to help restore an industry that has become “blighted by unscrupulous middlemen” who drive up costs. (Getty Images/Andrew Harnik)
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Overview

  • President Donald Trump signed an executive order targeting ticket scalping and price-gouging in the U.S. live entertainment industry, emphasizing consumer protection and fair pricing.
  • The order directs federal agencies, including the Federal Trade Commission and Department of Justice, to enforce the Better Online Ticket Sales (BOTS) Act and ensure compliance with IRS regulations.
  • It mandates price transparency at all stages of ticket purchasing and outlines steps to curb anti-competitive and deceptive practices in the ticketing market.
  • The initiative builds on prior efforts under the Biden administration, including antitrust actions against Ticketmaster and Live Nation, and has received support from key industry players like Live Nation.
  • A report summarizing actions taken and recommending additional regulations or legislation is expected within six months, marking this as an initial step in addressing the issue.