Unlock Ticketing Markets Act of 2023

The Unlock Ticketing Markets Act of 2023 prohibits primary ticketing service providers (like Ticketmaster) from entering into exclusive venue ticketing contracts lasting more than 4 years. It directly affects major ticketing companies and large venues (with 5,000+ capacity) that currently hold long-term exclusive deals. The key mechanism requires the Federal Trade Commission (FTC) to define the exact "excessive duration" limit within 180 days, with violations treated as unfair competition under the FTC Act and subject to civil penalties. The law does not change antitrust rules but aims to increase competition by preventing ticketing monopolies at venues.