💨 Abstract

The UK government has announced plans to regulate ticket resale market, aiming to cap prices and increase accountability of reselling websites to prevent ticket touting. The proposal includes a cap on resale prices of up to 30% above face value, limiting the number of tickets a reseller can list, and tougher penalties for rule-breakers. The move is in response to consumers being exploited by ticket resellers, particularly in high-demand events.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖