Ticketmaster has responded to Ontario's new law capping resale ticket prices by delisting resale tickets in the province. Starting next week, tickets in Ontario cannot be resold for more than their face value, a move aimed at protecting consumers.
However, UBC economist warns that this resale cap could lead to unintended consequences, potentially harming both the market and fans. As the situation unfolds, the effectiveness of this legislation remains to be seen, sparking debate over the balance between consumer protection and market dynamics.