Table of Contents
Are scalped tickets illegal?
“There is no federal law against scalping, but, according to the National Conference of State Legislatures (NCSL), 15 states ban the practice in some way, most labeling it as a misdemeanor with penalties including fines and/or up to a year in jail.”
Is Ticket Scalping wrong?
Scalping is buying a product, typically in bulk, and reselling it for prices higher than the initial retail price. If enough individuals do this, it creates scarcity and any consumer interested in the product could now be paying much more than necessary while the scalper makes a profit.
What is the penalty for scalping tickets?
What Are the Penalties for Scalping Illegally? In some states scalping is considered a misdemeanor, which carries a fine as high as $1,000 and imprisonment up to one year for the first offense. Subsequent offenses have higher fines and more prison time.
Why does Ticketmaster allow scalping?
It’s purposely designed for professional scalpers. It helps manage large inventories.” Here’s how it works: scalpers set up fake accounts to buy tickets in bulk on Ticketmaster.com since the website limits how many “tickets one person can buy. The scalpers then sell those tickets at inflated prices on TradeDesk.
Is scalping a misdemeanor?
In California, ticket scalping is illegal when done on the grounds of the event. This is a misdemeanor charge that carries a fine as high as $1,000. While that may be illegal, it is legal to purchase resale tickets online from valid ticket websites such as SeatGeek, StubHub, and Ticketmaster.
Does scalping hurt the economy?
Economists, however, typically are opposed to such laws because they create market inefficiencies. As stated earlier, ticket scalping exists as a necessary mechanism that allows the market to clear. Without ticket scalping, demand would continue to exceed supply, thus creating an inefficient market.
Who benefits from ticket scalping?
Scalping can also benefit ticket producers – the sports teams or performing artists who supply tickets – in two ways. First, it enables them to earn ticket revenue through face-value prices long before an event, while scalpers bear the risk that demand and prices might fall below the price they paid.
Why do ticket scalpers say I need tickets?
In California it is illegal to scalp tickets at the venue for more than face value, so some scalpers disguise their selling of tickets by advertising they “need tickets.”
What is the punishment for scalping?
What 15 states ban scalping?
While there is no federal law against scalping, 15 states, including Arkansas, California, Delaware, Kentucky, Ohio, Rhode Island, and Wisconsin all ban the practice in some form, with most labelling it as a misdemeanour that carries fines and up to 1 year in jail.