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Later, these tickets are often resold on third-party sites for profit at a markup over face value, or at a loss. This activity is also referred to as ticket scalping. The BOTS Act outlawed the resale of tickets purchased using bot technology and set a fine of $16,000 for violations of the act, which is enforced by the U.S. Federal Trade Commission.
Man behind original ticket bot reveals how he scammed fans like you for millions during a U2 tour and others. How the guy behind the 1st ever ticket bot made $2.3 million from a U2 tour Skip to ...
Congress is asking the Federal Trade Commission if it will enforce against bots after Ticketmaster blamed them for Taylor Swift ticket-sale disaster.
In 2016, the United States Senate commerce committee introduced legislation called the Better Online Ticket Sales, or BOTS, Act which was later signed into law in December 2016 by President Obama. This law makes using bots to purchase tickets under certain circumstances illegal and holds bot owners liable for obtained tickets.
The following year, the company filed a lawsuit against the ticket broker Prestige Entertainment after the company used bots to buy more than 30,000 tickets to the Broadway play "Hamilton". [ 36 ] The company reported nearly 500 million tickets sold for 400,000 events in 2018.
Three Long Island-based ticket brokers agreed to pay around $3.7 million to settle alleged violations of the Better Online Ticket Sales (BOTS) Act, the Department of Justice and Federal Trade ...
Online ticket brokering is the resale of tickets through a web-based ticket brokering service. Prices on ticket brokering websites are determined by demand, availability, and the ticket reseller. Tickets sold through an online ticket brokering service may or may not be authorized by the official seller.
Tickets originally priced from $49 to $499 fetched thousands on the resale market, reportedly as much as ... Pa. lawmakers look to thwart 'grinch bots' from price gouging concert tickets Skip to ...