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