FTC Files Lawsuit Against Ticket Reseller for Allegedly Violating Purchase Limits for Taylor Swift and Other Concerts

FTC Lawsuit Against Ticket Broker: The U.S. Federal Trade Commission (FTC) has filed a lawsuit against Key Investment Group, alleging the company used illegal tactics to exceed ticket purchase limits and resold them at inflated prices.

Ticket Purchases for Popular Events: Key Investment Group reportedly purchased over 379,000 tickets from Ticketmaster, including for Taylor Swift's Eras Tour, spending nearly $57 million and reselling them for about $64 million.

Company's Defense and Claims: Key Investment Group plans to vigorously defend itself, arguing that the FTC is misapplying the Better Online Ticket Sales Act and claiming they use human employees rather than bots for ticket purchases.

Government Oversight on Ticket Resellers: In response to concerns about ticket sales, President Trump signed an executive order aimed at ensuring compliance with IRS rules and promoting price transparency in the secondary ticket market.