SPRINGFIELD – State Senator Steve Stadelman is taking decisive action to protect consumers and promote transparency in the ticketing industry by introducing legislation aimed at ending speculative ticket listing and regulating event ticket pricing.
“Speculative ticket listing and opaque pricing practices have long plagued the ticketing industry, leaving consumers frustrated and financially disadvantaged,” said Stadelman (D-Rockford). “This legislation aims to put an end to these deceptive practices and empower consumers with the information they need to make informed purchasing decisions.”
In speculative ticket listing, sellers list tickets for events they do not yet possess in the hope of acquiring them later at a lower price. This practice often leads to inflated ticket prices, leaving consumers vulnerable to exploitation and price gouging.
Senate Bill 3678 would require sellers to disclose the total price of event tickets upfront, including all fees and charges, to ensure transparency and prevent hidden costs.
“By requiring sellers to disclose the total price of event tickets upfront, we are promoting transparency and accountability in the ticketing marketplace,” said Stadelman. “Consumers deserve to know the full cost of their tickets without being blindsided by hidden fees and charges.”
Senate Bill 3678 passed the Senate Judiciary Committee on Tuesday, and heads to the full Senate for further consideration.