The UK’s competition watchdog has said ticket resale firms such as Viagogo and StubHub should face tighter rules.

The Competition and Markets Authority (CMA) said current laws meant it was not possible to act swiftly and effectively against touts.

Another problem came from resellers who speculatively sold tickets they did not own, the regulator said.

The CMA has previously taken action against both Viagogo and StubHub, which have made changes as a result.

In February, a year after Viagogo bought StubHub for $4.1bn (£3.1bn), the regulator told Viagogo to sell all of StubHub’s business outside North America to satisfy competition concerns.

The CMA’s latest intervention comes as big music and sporting events are set to resume in the UK in the next few months after the Covid pandemic, fuelling fans’ demand for tickets.

While bulk-buying of tickets by professional resellers – who then sell them at inflated prices – may be illegal, swift and effective action by authorities is not possible under the current law, the regulator said.

Leave a Reply

Your email address will not be published. Required fields are marked *