The GHOST Act prohibits ticket resellers from selling, offering to sell, or advertising event tickets unless they physically or virtually possess those tickets first. This legislation targets the practice of speculative ticketing, where resellers advertise tickets they do not yet own, and applies to secondary ticket market sellers of concerts, sports events, and other ticketed events. The Federal Trade Commission will enforce the law and can impose civil penalties of at least $15,000 per day of violation, plus $1,000 to $5 times the ticket price per ticket sold in violation. State attorneys general can also sue on behalf of residents, and the FTC must establish a complaint website and report annually to Congress on enforcement efforts. The law takes effect 60 days after enactment.
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