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FTC · Press release · Rel 92 (FTC Press Releases)

FTC Takes Action Against Elite Events for Bypassing Ticket Purchase Limits in Violation of Better Online Ticket Sales Act

Commerce / trade / tech · antitrust

Source summary

Proposed order settling FTC allegations will require company and its executives to pay $300,000 and ban them from using unlawful tactics to bypass ticket purchase limits Ticket broker Elite Events and its operators will pay $300,000 in civil penalties to resolve Federal Trade Commission allegations that the firm purchased millions of dollars’ worth of tickets to high-demand events by illegally circumventing measures designed to limit the number of tickets that can be purchased to a single event.View Press Release

Analyst note

FTC announcement may indicate policy direction in commerce. Validate against primary text before client guidance.

Public reaction (Reddit)

Insufficient public reaction to score sentiment.