Normally they just ask you to leave and you keep walking until you are out of the private area and continue this way. Scalping = personal profit Stub Hub = corporate profit. Sorry if this is confusing to some, it takes some background in supply and demand to understand this concept. Archived. Scalping is an ultra-short-term trading strategy. If the producer decides to sell their product well below the highest profit possible, then the consumer should be allowed to profit freely from this mistake (though it may not be a mistake). Now, I can only find them for sale online for $200 each. Oklahoma isn't on that list, but I know that you can't sell tickets within a certain number of feet of Chesapeake Energy Arena. Press J to jump to the feed. In some places where it's illegal it's only illegal if you ask for more than face value — if you say "tickets for sale" and someone offers you more than face value it's legal. Jun 12, 2011 3,767 0 620 California. But what makes them legal is the license fees and taxes they pay to the government (aka, the people making the laws). Assuming that is the case, use supply and demand analysis to explain why the equilibrium ticket price in an illegal secondary market tends to be higher than in a legal secondary market. When you love life, life loves you right back. StubHub, now owned by eBay, isn't just a random place for second-hand ticket sales. Scalping is illegal because people show up and buy large blocks of tickets right when the box office opens, then double or triple the price for the average Joe that brings his family to the ballpark only an hour early. Not to mention the fact that cops still arrest run of the mill scalpers selling tickets... "If David Stern ran the NHL, is there any chance his meal ticket's team would blow a Game 7 in Round 1? It made me wonder why consumers are protected by law from scalping but not from other outrageous re-sells. 1.6k. (Read 3588 times) 0 Members and 1 Guest are viewing this topic. State by state info on whether ticket scalping is legal, plus and restrictions. You want to scrape it but you are not sure if it’s legal to scrape web data. It now has official partnership with 27 of Major League Baseball's 30 teams. Resale in and of itself isn't usually illegal though. This allows these secondary sites to hike up ticket prices to whatever the market demand will support. Stubhub is to scalping what Napster use to be to file sharing, if Napster was shut down why hasnt stubhub been other than corporate interests being the victim in … Stub Hub) there is still multiple people selling tickets the price should remain at or around the face value. When you buy a ticket for $100 and resell it for $1000, you do not claim the $900 profit on you income taxes, nor does the purchaser pay the sales tax on the transaction. Why scalping opponents are losing their heads When one thinks of ticket scalpers, one generally conjures a mental image of shady men waiting outside theaters offering scandalously overpriced tickets to late buyers from under several layers of trench coat. Today's paper had yet another story about Ticketmaster re-selling concert tickets at TicketsNow for a much higher price. New comments cannot be posted and votes cannot be cast, More posts from the explainlikeimfive community. I used to work at Six Flags, and we are very against scalping tickets. But I'm not 100% on that. New comments cannot be posted and votes cannot be cast. The same scalping business bought 1,012 tickets to a U2 concert in New York City less than a minute after they went on sale in 2014. Louisiana: "Tickets cannot be sold at more than their face value price except on the Internet.". Most scalping laws make it illegal to sell—but not to buy—tickets at prices above those printed on the tickets. I would be ok with paying somebody else for the amount that the tickets are worth. Don’t worry; you are not alone. Scalping is the act of cutting or tearing a part of the human scalp, with hair attached, from the head, and generally occurred in warfare with the scalp being a trophy. When ticket scalping laws are broken, consequences are often not enforced. Scalping is a nonviolent crime without a victim — in fact, it is a crime where both parties are agreeable to the transaction. Scalping is only a misdemeanor. What if the game you want to see is sold out and there arent any tickets left, then it's it Ok to scalp at the venue? Some people scrape the web data and don’t stop at anything. Posted by 7 years ago. Making it illegal to scalp the tickets is just about the only control that actually limits scalping. This thread is archived. As with crime in general, police officers handle the offense according to severity. The reason why is simple: the government loses tax revenue. But the debate is not clear cut and anti-scalping sentiment has shown up in other organizations that threaten to strip season ticket holders of their privileges for scalping tickets. Scalping should not be illegal. Quote from: StartOrien on May 02, 2009, 06:01:04 PM, http://www.stubhub.com/boston-celtics-playoff-tickets/celtics-vs-bulls-5-2-2009-777395/, Quote from: houseonfire09 on May 02, 2009, 04:26:15 PM, Quote from: cdif911 on May 02, 2009, 07:03:59 PM, Quote from: Greenbean on May 03, 2009, 11:49:36 AM, Chad Finn: Don't Trade Rob, Romeo or Aaron for Quick Fix. But, these laws only apply to necessary stuff, like medicine and stuff people need to survive (that's why pharmaceutical companies cant raise price on insulin.) I have no problem with recouping a loss based on the fact you can not attend but making a profit off something that you never out right own is just bogus. Press question mark to learn the rest of the keyboard shortcuts. I always thought you can resell at the venue, but not for more than face value or a certain percent over face value. Why are scalping agencies like StubHub allowed to exist? From the buyer's standpoint there is much more security that the ticket you are purchasing is legit. Ultimately, however, StubHub will have to tell it to investigators at the UK’s Competition and Markets Authority. There are some differences between these type places and the guy on the corner. This trade idea with the Pistons is pretty good. It's called free enterprise, and it's the financial system upon which this country was built. How To Make A Harrison Barnes Trade Work. save. These people are pricing out the people who want to see a big game so that only rich people can buy these tickets. But ticket scalping actually provides an economic service: price regulation. Scalping a console isn’t illegal, though, and so scalpers rationalize their profits under the banner of entrepreneurship. You never hear sellers complain about ‘scalping’, only buyers. hide. By the way the failure to pay income tax is a felony. On Thursday, authorities with that agency raided Stubhub’s London office. Beyond that, anyone may sell anything for whatever price someone is willing to pay. report. You must be eyeing some data on a competitor’s website. ‘Scalping’ is often framed as a moral issues, as though a preference for scenario A marks you out as selfish while a preference for scenario B is a sign of virtue. (And this is more often refered to price gouging, now scalping.) Ticket resale is a form of arbitrage that arises when the number demanded at the sale price exceeds the number supplied (that is, when event organizers charge less than the equilibrium prices for the tickets).. During the 19th century, the term scalper was applied to railroad ticket brokers who sold tickets for lower rates. This has been bothering me for a while. Certain laws make ticket scalping illegal. TIL scalping is completely legal in Texas. Secondary ticketing is a thing that is not going away anytime sooner then Ebay is going away. So no eBay listing falls under the definition of scalping. But it is hard to see why, from a moral standpoint, one of these scenarios is preferable to another. Those tickets were sold at markups averaging 49 percent. One holdout is … Close. -Bill Simmons. We also had undercover loss prevention agents roaming the front gate to confront anyone scalping tickets. What does tend to be illegal is scalping tickets next to the venue and things like that. In theory if I am standing out front of the stadium and want to sell tickets to the game that is happening that day, what other options do people have to buy tickets? This, however, is not an argument for making scalping illegal, but for more aggressive fraud prosecution and better anti-counterfeiting measures. A: They can buy from me for face value or more (cause I don't want to lose money), B: Go to the ticket gate and try to buy from the source, the team/stadium (BTW this will almost always be the cheapest way to buy a ticket to any event). If they are selling at a higher price they have permision from the venue. At least you're not scalping essential goods (food, water, medicine etc..) in times of war/instability/scarcity so I guess you can find solace in the fact that there are people out there who are way worse than you ? It is illegal to … They received the letter not even for retail scalping but for price gouging, a practice that’s illegal but is subjective and hard to prove. While that may be illegal, it is legal to purchase resale tickets online from valid ticket websites such as SeatGeek, StubHub, and Ticketmaster. 734 comments. In most places it's not illegal. 89% Upvoted. We use cookies on our websites for a number of purposes, including analytics and performance, functionality and advertising. This number is growing, and it’s not hard to see why. Theaters transfer the risk of not selling enough tickets to scalpers, and the scalpers get the benefit of higher prices. 0 Members and 1 Guest are viewing this topic. Scalping is when you buy tickets then wait till the event is sold out then resell them for profet at a big mark up. Reselling tickets in some states is illegal because of an attempt to control the selling of tickets by the major ticket agencies, promoters or sports teams in those states. Except that it doesn’t, just like the WOD or anything else where you have victimless crime. I have to say, the prices haven't been all that outrageous. Why is internet ticket scalping not illegal? The Yankees are using the state’s anti-scalping law to keep legal ticket reseller StubHub away from the Stadium — but when it comes to traditional illegal scalpers outside their gates, the team is In California, ticket scalping is illegal when done on the grounds of the event. The trader seeks to make small profits with rapid trades where a stock is bought and sold a few seconds or a minute later. Now if the game is sold out the only option is A, and me being the good capitalist I am, will be making my price higher. share. Taxes, because the goverment can collect taxes on legal resells as opposed to cash transactions on the street. So the legislatures of many districts claim this is unfair to the consumer, weather or not it is is up for debate, so they pass laws to outlaw it at the gate, since online (i.e. 35 bucks each at ticketmaster. How is that in any way legal? Author Topic: Why are scalping agencies like StubHub allowed to exist? So the right to sell another product does not apply. Your tickets would be confiscated and you would probably be forced to leave. Retail scalping continues to be a problem even as the availability of food and medical supplies during the pandemic has vastly improved and will continue to exist long after the pandemic is over. What happened to the days when the only way to get a ticket is to hang out overnight with the die-hard fans by the stadium? Maybe it is a city ordinance, but all the ticket resellers park on one corner (1000ft maybe) for EVERY event. Another reason a lot of people think it is illegal but might not be is some stadiums are on private property, the owner can simply force you to leave under threat of trespassing. I wanted to buy 4 tickets to a comedy show. Concerts or basketball games or wrestling, doesn't matter. You might think that you can get a competitive edge if you can get hold of this data. Q: Jeff Laskowski asks: "Almost every baseball season, the P-I runs a story on ticket scalping at sports events. Some others are not sure if getting product descriptions from an e-commercesite woul… It has been implied it is illegal. This is a misdemeanor charge that carries a fine as high as $1,000. Explain Like I'm Five is the best forum and archive on the internet for layperson-friendly explanations. Website just buy a bunch of ticket then resell them with little or no markup, they make money with fees and such. It has been implied it is illegal. There is nothing wrong with selling them at face value. scalping is illegal and should continue to be illegal because you don't own anything, the ticket, the seat remain the property of the venue. We wouldn't get the cops involved in either scenario, though, since you're only violating a company policy, not a law or legal statute. ELI5: Why is scalping tickets illegal yet Stub Hub is a huge business. Scalping laws vary from locale to locale and only apply to tickets being sold at the location of the event. They sold out before I had the the money to get them. Sort by. However, you need the data not just once but regularly. The scalping market is a free market, people will buy the tickets for what they think they're worth. It's not in most states. In Florida we are discouraged from calling them scalpers, but to refer to them as ‘ticket brokers’ since it is legal. ELI5: Why is scalping tickets illegal yet Stub Hub is a huge business. After a mere 24 hours of being online, approximately 20% of tickets find their way onto secondary websites, including StubHub and VividSeats. Big business doesn't like competition, so they have it made illegal. Make it illegal and the profit goes away, as will the motives of the scalpers. Don't Panic! I got 4 tickets to game 1 for 25 bucks a pop. Put a pair of skates on Dick Bavetta!" A lot of people are not sure whether web scraping is legal or not. R. Raitosaito Member. It has to do with supply and demand. I consider myself lucky if I can get a ticket, but the idiots who want to be seen take all the fun out of being there. If a state is not listed, that means there are no restrictions. Why are scalping agencies like StubHub allowed to exist? The excuses they use are that scalpers buy up all the seats and then mark them up to make money from unsuspecting customers. Heck I remember people being beaten bloody over freaking cabbage patch dolls in … Re: Why are scalping agencies like StubHub allowed to exist? Feb 4, 2017 Scalping isnt illegal everywhere. If you tried to sell your tickets online and were stupid enough to post a picture of the barcode, then we would invalidate the barcode, making your ticket useless. Scalping is (and always has been) a slimy and immoral practice driven by profit and the mere fact its NOT illegal.
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