Two state lawmakers are pushing bills to kill massive ticket markups, with California targeting a 10% cap and New York proposing zero resale profit allowed.
Assembly member Matt Haney introduced the California Fans First Act
Haney filed the bill last Thursday in the California state legislature.
The measure would ban concert ticket resales above 10% of face value.
Live events like concerts, comedy shows, and theatrical productions are covered.
Sporting events are excluded from the proposed legislation entirely.
Ticket buyers are paying more than double on the secondary market
Some tickets with face values under $80 resold for over $1,000.
Professional scalpers and bots buy up tickets in seconds, Haney claims.
The bill aims to put...