Calls for price caps on secondhand tickets could drive up the usage of unregulated sites

National World - LocalTV

Australian fans of Taylor Swift - who's on her global Eras tour currently - reported $260,000 worth of ticket scams when a price cap was put in place.

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00:00 "In Ireland was a good example where there is a price cap law in place that's been in

00:05 place for about a year and a half.

00:07 Sintander actually recently reported on ticket scams alert and how that's become more of

00:14 an issue.

00:15 It's actually doubled year over year since the law's been in place."

00:18 Another recent example saw Australian fans of Taylor Swift, who's on her Global Eras

00:22 tour currently, reporting $260,000 worth of ticket scams when a price cap was put in place.

00:29 "You can't really tell a Taylor Swift fan that they can't go.

00:33 If they really want to go, they're going to go.

00:36 And then the value of that is really up to them, to some extent.

00:40 And for us, we really want to create a platform that protects that consumer, that protects

00:46 that transaction, and make sure that if you have the choice, and if you have the choice

00:50 that if you decide that you are comfortable spending a bit more on it, that it's safe,

00:56 and that you're going to get into the event.

00:57 And that's what's most important.

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