Bill

Bill > S4031


NJ S4031

Prohibits sale of tickets not in reseller's possession.


summary

Introduced
06/26/2023
In Committee
06/26/2023
Crossed Over
Passed
Dead
01/08/2024

Introduced Session

2022-2023 Regular Session

Bill Summary

This bill amends current law governing the reselling of tickets by prohibiting tentative ticket sales, otherwise known as "speculative ticketing." Specifically, the bill removes provisions of current law that allow for the sale of tickets not in the reseller's possession under certain circumstances. The bill prohibits resellers from employing tentative ticket policies, whereby the reseller sells tickets that are not in the reseller's possession at the time of sale.

AI Summary

This bill amends current law to prohibit the resale of tickets not in the reseller's possession at the time of sale, a practice known as "speculative ticketing." The bill removes provisions that previously allowed for the sale of tickets not in the reseller's possession under certain circumstances, such as with disclosure to the purchaser. The bill also prohibits resellers from employing any tentative ticket policies and selling the same seat to multiple people simultaneously. Additionally, the bill prohibits the use of software or technology designed to circumvent ticket sale limits or purchase more tickets than allowed.

Committee Categories

Business and Industry

Sponsors (1)

Last Action

Introduced in the Senate, Referred to Senate Commerce Committee (on 06/26/2023)

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