The past couple of months, resellers of the next-gen consoles have made a fortune, as well as causing shortages for the PS5 and Xbox Series X/Series — with limited supplies in-store due to the COVID-19 pandemic. According to VGC, six lawmakers in the U.K. are seeking legislation that would prohibit the sale of gaming consoles and computer parts at prices that are “greatly above” the MSRP.
The MPs from the Scottish National Party tabled this motion, so it’s in extremely early stages of possibly coming into effect. The motion also states that the resale of goods purchased by automated bots should be illegal. The MPs are comparing this to a bill already introduced, which controls the activity of ticket resellers, who must give their identity and exact details of the seat they are selling.
Of course, it’s difficult to know exactly how many PS5s and Xboxes that have been resold, but there is every indication it’s a rather large amount. Analysis from a data engineer concluded that scalpers made $82 million in sales and $39 million in profit since September from next-gen consoles and high-end computer components. Services like eBay and PayPal took a $6.6 million and $2.4 million cut, respectively. However, the analysis only included US listings, not taking into account other marketplaces like Facebook.