The Federal Trade Commission filed a bombshell lawsuit against Ticketmaster on Thursday, accusing the online broker of raking in profits through exorbitant fees and turning a blind eye as bots illegally resell millions of tickets to customers.

The FTC is seeking billions of dollars in penalties under the BOTS Act, which allows fines of $53,000 per violation.

The agency’s lawsuit alleges that Ticketmaster has allowed bots to resell millions of tickets beyond the purchase limits it publicly announced since the BOTS Act took effect. 4

That means Ticketmaster in theory could face astronomical fines that could cripple the company – as well as potential future refund payments to consumers if it loses the case and is found to have harmed consumers, sources said.

“The total amount of fine

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