Tennessee's Senate Bill 917, introduced on February 12, 2025, aims to regulate the sale of speculative tickets, a growing concern in the state's ticket resale market. The bill seeks to amend existing laws under Tennessee Code Annotated, specifically targeting the practices of third-party ticket resellers.

The primary purpose of SB 917 is to define and prohibit the sale of speculative tickets—those not in the actual possession of the reseller at the time of sale. This includes tickets that are neither owned by the reseller nor under contract for transfer. By establishing clear definitions and restrictions, the bill aims to protect consumers from deceptive practices that can inflate ticket prices and create barriers to access for popular events.

Key provisions of the bill include a ban on third-party resellers from selling speculative tickets, which could significantly impact the ticket resale industry. The legislation is expected to foster a more transparent marketplace, ensuring that consumers purchase tickets that are guaranteed to be available.

Debate surrounding the bill has highlighted concerns from both consumer advocacy groups and ticket resellers. Supporters argue that the bill will enhance consumer protection and promote fair pricing, while opponents warn that it could limit the availability of tickets and reduce competition in the resale market. Amendments to the bill may arise as discussions continue, particularly regarding the enforcement of these new regulations and their implications for online ticket platforms.

The economic implications of SB 917 could be substantial, as it may alter the dynamics of ticket pricing and availability for concerts, sports events, and other entertainment venues across Tennessee. By curbing speculative sales, the bill aims to create a more equitable environment for consumers, potentially leading to lower prices and increased access to events.

As the bill progresses through the legislative process, its outcomes will be closely monitored by stakeholders in the ticketing industry and consumers alike. If passed, SB 917 could set a precedent for similar legislation in other states, reflecting a growing trend towards regulating ticket resale practices to protect consumers.