Guaranteeing Honest Ownership in Secondary Ticketing Act prohibits speculative sale of event tickets.
The Guaranteeing Honest Ownership in Secondary Ticketing Act, also known as the GHOST Act, prohibits the speculative sale of event tickets. It mandates that resellers must have actual possession of the tickets they sell. The Federal Trade Commission will enforce this prohibition, treating violations as unfair or deceptive practices. Violators face civil penalties, including a minimum of $15,000 per day of violation and additional penalties based on the number of tickets involved.
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