Source: Huddleup
Major financial institutions are now providing capital and infrastructure to professional ticket scalpers, legitimizing what was once a scrappy gray-market practice through structured lending and institutional backing. Scalping has shifted from individual arbitrage to an institutionalized, financed asset class—markup economics that once went to hobbyists now funnel directly to hedge funds and banks taking a cut. Venues and primary sellers have essentially given up on fighting secondary markets and are instead extracting value by helping create the financial plumbing that makes industrial-scale resale possible.