New anti-Grinch act wages war on PS5 bots and scalpers

Lawmakers in congress want to use legislature to stop 'Grinch' bots from buying up PS5, GPU, and other electronics supply.

@DeekeTweak
Published Wed, Dec 1 2021 3:11 PM CST   |   Updated Wed, Dec 22 2021 1:00 AM CST

Congress wants to use legislation to stop bots from buying up all the electronics and manipulating the market.

New anti-Grinch act wages war on PS5 bots and scalpers 899 | TweakTown.com

COVID-19 has significantly disrupted supply lines and demand has skyrocketed as a result. This on its own led to higher prices, but bots and scalpers have pushed things to a new level as once-leisure products like PlayStations, Xboxes, Nintendo Switches, and graphics cards have doubled and tripled in price. Want an RTX 3090? You could have one...for the price of a used car. Everyone's trying to buy into a market that's already been bought up by automated bots.

In the good spirit of Christmas, Congress wants to put an end to the price-gouging madness with the Stopping Grinch Bots Act.

Representative Paul Tonko (D-NY), Senator Richard Blumenthal (D-CT), Senate Majority Leader Charles E. Schumer (D-NY) and Senator Ben Ray Lujan (D-NM) have introduced the bicameral bill, which will "crack down on cyber Grinches using "bot" technology to quickly buy up whole inventories of popular holiday toys and resell them to parents at higher prices."

The Stopping Grinch Bots Act was actually introduced years ago and would use the power of the previously-passed BOTS Act--the Better Online Ticket Sales Act that was established to prevent and discourage scalping--which includes penalties levied by the Federal Trade Commission and even prosecution in class-action lawsuits on an individual state level.

Buy at Amazon

Ratchet & Clank: Rift Apart Launch Edition - PlayStation 5

TodayYesterday7 days ago30 days ago
$69.99$69.99$49.99
* Prices last scanned on 1/21/2022 at 2:55 pm CST - prices may not be accurate, click links above for the latest price. We may earn an affiliate commission.
NEWS SOURCE:tonko.house.gov

Derek joined the TweakTown team in 2015 and has since reviewed and played 1000s of hours of new games. Derek is absorbed with the intersection of technology and gaming, and is always looking forward to new advancements. With over six years in games journalism under his belt, Derek aims to further engage the gaming sector while taking a peek under the tech that powers it. He hopes to one day explore the stars in No Man's Sky with the magic of VR.

Newsletter Subscription

Related Tags

Newsletter Subscription
Latest News
View More News
Latest Reviews
View More Reviews
Latest Articles
View More Articles