Morning Update: Playing ball with ticket regulations
Ontario has implemented new rules capping resale ticket prices at face value to make events more affordable, but StubHub has been slow to comply, citing lack of guidance. While Ticketmaster removed overpriced tickets, StubHub continued listing them, prompting scrutiny and ongoing discussions with the provincial government. Other provinces are monitoring Ontario’s approach, though none have introduced similarly strict regulations yet.
- ▪Ontario amended the Ticket Sales Act to cap resale ticket prices at face value, with non-compliant companies facing fines up to $250,000.
- ▪StubHub initially did not comply with the new price cap, continuing to list resale tickets above face value for events like the FIFA World Cup in Canada.
- ▪After discussions with the Ontario government, StubHub began updating its system to comply with the law, though it expressed concerns about market effects.
- ▪Economist Pascal Courty and industry reports suggest price caps may be difficult to enforce and could lead to increased fraud or workarounds.
- ▪Billboard reported that Taylor Swift’s Eras Tour tickets in Europe were 87% cheaper on average than in the U.S., potentially influenced by stricter price regulations.
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ShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountGood morning. Buying resale concert, sports and event tickets is supposed to be more affordable in Ontario – but at least one platform has been slow to play ball. More on that below, along with an unexpected side effect of GLP-1 drugs and funding for World Cup security. But first:Today’s headlinesOil hits a wartime high of $125 a barrel on reports the U.S. is considering new attacks on IranSources say that Canada has been picked to host a new multinational defence bankNearly a quarter of new military recruits are failing basic training, according to a newly leaked report Top psychiatrists from 13 Canadian medical schools want to stop the expansion of MAID for mental illness alone Open this photo in…
Excerpt limited to ~120 words for fair-use compliance. The full article is at The Globe and Mail.
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