In a significant crackdown on ticket touts, the British government has announced plans to outlaw the resale of live event tickets above face value. This decision comes after widespread calls from musicians and the public to protect fans from inflated prices in the secondary market. Major artists, including Dua Lipa and Coldplay, have actively pressed the government to uphold its pledge to cap ticket resale prices. With the ban set to impact platforms like Live Nation and StubHub, shares in these companies have started to reflect the uncertainty of the new legislation. The move aims to ensure that ticket prices remain fair for fans, as the government looks to tackle rampant ticket reselling for profit.