Could ticket touts exploit new Facebook site to trade their Olympic tickets?

A new ticket sharing website that aims to help sports fans share tickets for the London Olympics could be exploited by touts – the very people the scheme is supposed to bypass.

Under the scheme fans will use TicketCollective's Facebook page to advertise that they have surplus tickets for events. The idea is that the fans use Facebook as their social hub to exchange tickets, rather than trusting the process to a man standing outside the Olympic stadium offering to 'buy or sell tickets'.
The scheme was designed to stop ticket touts from exploiting fans.
But one ticket tout we spoke to was confident that the touts would find a way to exploit the system. "The tickets touts are always one step ahead of the game," said ticket tout Peter Snelson of Balham in south London.
TicketCollective, however is confident that its free service will win out. Unlike touts, it adheres to the Olympic Organiser's strict rules.
"Ticket touts push prices up to unreasonable levels which makes it harder for people to attend events with their family and friends," said Andrew Mobbs, MD of TicketCollective.
"We wanted to offer a service that is healthy for the ticketing ecosystem where event organisers get paid, fraud is reduced and each and every event is a success in the minds of those attending because lifelong memories are created when we do things with family and friends," he said.
Mobbs promised consumers: " No fraud, no rip-off and no unused tickets."
1.9 million people applied for 22 million tickets and there are currently 6.6 million to distribute.
London 2012 chairman Lord Sebastian Coe admitted that there has been massive disappointment and demand has far exceeded the supply of tickets.
"Perfect," commented Balham based ticket tout Snelson.

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