Blumenthal seeks to regulate cyber bots buying up toys

Photo Courtesy: MGNonline

WEST HARTFORD, Conn. (AP) – Connecticut U.S. Sen. Richard Blumenthal says he plans to propose legislation that would crack down on third-party sellers using cyber bot technology to buy out inventories of hot holiday toys.

The Democrat announced his proposal while appearing at the Toy Chest in West Hartford on Black Friday.

Blumenthal says the software programs automatically locate and purchase large quantities of inventory that are then offered for sale in a matter of seconds, squeezing out regular consumers. They later resell the items at high prices.

He says the situation has led to some toys becoming nearly impossible to buy online or in stores at retail prices.

Blumenthal previously introduced a similar bill aimed at so-called ticket bots, which intentionally bypass security measures on ticket sales websites to buy up tickets for resale.