Taylor Mims

There's nothing you can do about the secondary market.

Sorry to bum you out, but there's absolutely no reason to be this dismayed.

There are things that can change.

So one of the things that's happening across the country right now is that a bunch of different states are trying to implement regulations on this because it has gotten really out of hand.

And so you'll see recently in California, in New York, what they've introduced are resale caps.

So when somebody buys a face value ticket, if for whatever reason they can't go, they can resell that ticket for no more than 10% above face value.

And what that does is take the wind completely out of the resale market.

Because if I buy a ticket as a ticket reseller and think I'm going to make a bunch of money off of this, but all I can make is 10%,

That makes it so much less lucrative to be in this job, to be doing this for a career.

So it's very possible.

It's very possible.

But only one state so far has passed the ticket resale cap, which is Maine.

Yeah, I definitely think if we're not there yet, we're getting very close because I think people are really tired of it because it keeps happening.

It's not slowing down.

It's only getting worse.

And so I do think that this legislation is really going to tell us where we're at because we've had almost 10 states introduce this, these resale caps.

And I would say even just a couple of years ago, you couldn't even get those bills discussed.

Yeah.

because there's so much lobbying money against it.

So I think if we see more states able to pass this, I think that should tell you right there that the tide is turning.