FILE PHOTO: Live Nation Entertainment logo is seen in this illustration taken May 23, 2024. REUTERS/Dado Ruvic/Illustration/File Photo
(Reuters) - U.S. regulators were investigating whether Live Nation's Ticketmaster was doing enough to prevent bots from illegally reselling tickets on its platform, Bloomberg News reported on Monday, an allegation the company denied.
The probe by the U.S. Federal Trade Commission, which examines the ticket-selling unit's compliance with the Better Online Ticket Sales (BOTS) Act, is at an advanced stage and a decision on whether to pursue a case could come within weeks, Bloomberg said, citing people familiar with the matter.
