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Netherlands regulator fines online auction site Ticketveiling.nl €270,000 over hidden bidding bots that mislead users into believing they were competing against other people
The company behind Ticketveiling.nl, House of Tickets, was fined 270,000 euros by the Netherlands Authority for Consumers and Markets (ACM) after regulators found it used hidden bidding bots in online auctions. Such bots mislead users into believing they were competing against other people. The regulator said this practice artificially pushed prices higher and distorted the auction process.
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