Speculation and tickets falsification in the World Cup 2018 will be fined.

February 5, Vladimir Putin signed the law passed by the State Duma on responsibility for the illegal sale of tickets for the World Cup matches in 2018, the website of the President of Russia reports.

Citizens will be fined for illegal ticket sales in the amount of 20-fold to 25-fold ticket prices, but not less than 50 thousand rubles. For officials, the penalty will range from 25-fold to 30-fold entry fee, but not less than 150,000 rubles. Persons engaged in entrepreneurial activities without the formation of a legal entity face an administrative suspension of activities for up to 90 days, or a fine in the amount of 25-fold to 30-fold entry fee, but not less than 150,000 rubles. Penalties for legal entities for this offense will range from half a million to one million rubles with the simultaneous suspension of activities for up to 90 days.

For the forgery and sale of tickets for World Cup matches or documents that give them the right to receive them, a higher administrative responsibility has been established (as for an offense "having a greater degree of public danger"). Penalties for citizens, according to the draft law, will range from 50 thousand to 70 thousand rubles, for officials - from 150 thousand to 200 thousand rubles, for legal entities - from 1 million to 1.5 million rubles with the possibility of administrative suspension of activities for up to 90 days. Persons engaged in entrepreneurial activities without the formation of a legal entity will be punished by a fine in the amount of 150 thousand to 200 thousand rubles or administrative suspension of activities for up to 90 days.

"There is no effective system to prevent violations during the sale of tickets for matches so there was a need for such a law," commented the operating director of Waltix.io Sergey Kretsu. - Roughly speaking, the law compensates imperfection of ticket systems and corruption component. We are developing such a platform for ticket sales, where there is no place for the phenomena which the adopted law is called to fight. Waltix.Platform provides a toolkit that prevents any kind of fraud and speculation. It is enough for you to register the rules of ticket turnover on the secondary market (the maximum price, the commission for the organizer and the agent) and the ticket can be resold only according to established rules and in no other way. "

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