GAO looking into possible price gouging by ticket resellers

Best listening experience is on Chrome, Firefox or Safari. Subscribe to Federal Drive’s daily audio interviews on Apple Podcasts or PodcastOne.

Congress has taken an interest in figuring out ways to regulate some of the third-party ticket vendors you may have used to gain admittance to anything from an NFL game to a Broadway show. Among the concerns is that the companies tend to distort the marketplace for entertainment events by buying up large numbers of tickets at face value as soon as they go on sale, then tack on large fees of their own before selling them to consumers.

Lawmakers recently asked the Government Accountability Office to look at regulatory options, and the results are now in. Michael Clements is director of financial markets and community issues at GAO. He talked with Federal News Radio’s Jared Serbu, on Federal Drive with Tom Temin, about what they found.

Copyright © 2024 Federal News Network. All rights reserved. This website is not intended for users located within the European Economic Area.