Why this year’s World Cup is so pricey

Americans are breaking the bank to attend the FIFA World Cup. This year’s tournament is historically expensive for fans looking to support their favorite teams in person. Tickets for group stage matches routinely cost more than $1,000 in the months before tournament kickoff, reportedly even drawing the ire of President Donald Trump. Ticket problems don’t end there. A number of states have launched investigations into whether FIFA misled fans over the location and quality of seats they bought to attend matches. Many fans who bought tickets on resale sites have fallen victim to ghost ticketing, in which resellers flog tickets they don’t actually have. To get a better sense of it all, POLITICO talked to Florian Ederer, a professor of markets, public policy and law at Boston University’s Questrom School of Business — and a soccer super fan. He’s written extensively about World Cup ticket pricing and access during the tournament, and hopped on the phone the day before his beloved Austria takes on Spain in a knockout match Thursday. This interview has been edited for clarity. Why are World Cup tickets so expensive this year? Well, there are several factors in this. Number one is that this is the biggest sports event in the world. There's tremendous demand for it. It only happens every four years. FIFA basically has a monopoly on this biggest sports event, there's nothing that sort of can supplant it. You can't start a rival league or anything of that sort. Secondly, the event is being held in the United States and in Canada and in Mexico, in particular the U.S. and Canada. These are some of the richest countries in the world, they have also very, very, very large populations, and Mexico does too. You also talk about another phenomenon, that FIFA has realized this is an opportunity to maximize profits. It has also adopted two additional things. One is price discrimination, which is that all the group stage matches of previous World Cups were all priced exactly the same. An