One of the big issues being debated as fallout from Ticketmaster's problems in trying to service Taylor Swift fans when tour tickets went on sale in November is how to address state live-event ticket sales laws.
Ticket Resellers' Campaign Raises Securities Law and Money Laundering Issues
Some markets allow for the sale of a future contract for tickets that have not gone on sale as yet (i.e., "speculative ticketing"). The future contract, like an option or a commodities future, allows someone to purchase the right to buy a ticket once the tickets are offered for sale. This seems to implicate securities law issues, broker-dealer regulations and potentially the general solicitation rule.
By
Chris Castle
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