A California bill that would have capped the price of resold concert tickets has died, dealing a setback to consumer groups who sought to curb scalping. The legislation, known as AB 1720, would have limited the resale price of tickets to no more than 10% of their original cost. It failed to move forward in the state legislature.
StubHub, the industry's largest ticket resale platform, opposed the measure aggressively. The company spent $3.4 million this year lobbying against the bill, underscoring the financial stakes involved. Supporters argued the cap would protect fans from inflated prices on the secondary market, while opponents said it would harm sellers and limit consumer choice.
The bill's failure marks a victory for resale platforms and others who fought the proposal. No further action is planned in this session. The outcome leaves existing California law unchanged, meaning ticket resellers can continue setting prices without a state-imposed limit.