The main purpose of this legislation, known as the "Guaranteeing Honest Ownership in Secondary Ticketing Act" or the "GHOST Act," is to prevent the speculative sale of event tickets. This means it aims to stop resellers from selling tickets they do not actually possess at the time of sale. The goal is to create a fairer marketplace for consumers looking to purchase tickets for events. Key provisions of the GHOST Act include a clear prohibition on resellers selling or advertising tickets unless they have actual possession of those tickets.