The UK politicians have recently discussed a new law to make the resalling of goods with bots illegal. It will also mean a legislation is put in place to stop people ‘scalping’ high valuable and highly-sought-after goods such as the recent PlayStation 5 and Xbox Series X consoles.
December 14th saw six members of parliament tabling an Early Day Motion for this new law to be drawn. It will be in place to stop the “resale of gaming consoles and computer components at prices greatly above Manufacturer’s Recommended Retail Price.”
Scalping is when large amounts of a highly-sought-after item are purchased by one individual or group. The aim is to limited the amount of stock on the market so that they can be sold privately at double, or sometime triple, the RRP. Nearer the launch CrepChiefNotify, a scalping group, boasted that it had acquired 3,500 PlayStation 5 consoles.
These consoles were selling for near £1000 on eBay and places like Facebook Marketplace saw prices as high as £1,500, albeit with no confirmed sales at this price.