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FTC Sues Ticket Reseller Over Massive Swift, Springsteen Scalping Scheme

FTC sues Maryland ticket reseller Key Investment Group for alleged BOTS Act violations involving Taylor Swift and Bruce Springsteen tickets. Company accused of $57M bulk-buying scheme.

This case directly impacts concertgoers who face inflated prices and limited access to popular events due to predatory ticket-buying practices. The FTC's action signals a potential shift toward stronger enforcement of anti-scalping laws, which could lead to fairer ticket distribution and more reasonable prices for consumers. As live event tickets become increasingly difficult to obtain at face value, this legal challenge addresses systemic issues in the ticketing industry that affect millions of fans annually. Successful prosecution could set important precedents for how ticket markets are regulated and protected against artificial scarcity manipulation.