The UK government will ban the resale of tickets for music concerts and sporting events at inflated prices, addressing the issue of ticket touting, which often involves bots purchasing tickets for resale at high markups. Housing minister Steve Reed stated that this practice harms consumers, who face exorbitant prices for attendance. The ban follows a significant drop in shares for resale platform Viagogo and aims to set limits on fees charged by resale sites. The Competition and Markets Authority is also investigating pricing practices of several online platforms.
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