The Metropolitan Police have called for new regulations and possible new legislation to tackle ticket fraud. The police authority highlights the issues around 'ticket crime' in a new report that capitalises on the work it undertook as part of Operation Podium to crack down on anyone selling tickets illegally for the London 2012 Olympics. Operation Podium will close at the end of March. The report, called Ticket Crime: Problem Profile, estimates that ticket fraud costs the economy around £40m a year. It says the lack of legislation around ticketing markets encourages "unscrupulous practices, a lack of transparency and fraud". It calls for new legislation to outlaw to the unauthorised resale of tickets, which is not currently illegal. Apart from the resale of football tickets for designated matches, the resale of tickets is not illegal. However, the report identifies the need for an open and transparent ticketing market underpinned by regulation and/or legislation, which will help consumers to understand who they are buying from and therefore better protect themselves against ticket crime.
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