Chicago, IL-based FirstDIBZ was founded in 2001, and according to its Web site “is dedicated to providing consumers with access to the biggest and most prestigious live events.”
The company provides ticket “forward markets,” which allow users to buy and sell rights to tickets for future events. Through the purchase of DIBZ, a fan can guarantee themselves a seat at an event, such as the Super Bowl or World Series, if a team they choose makes it to the playoffs/championship. DIBZ sell for varying amounts, depending on the team and their likelihood for making the playoffs/championship.
Users can trade the DIBZ in real-time, 24/7, on in a FirstDIBZ marketplace. The company, previously known as TicketReserve, was a pioneer in the Pre-Primary, Forward or Futures market for tickets, and other companies offer similar programs. Fans use the site to lock in rights to their favorite teams, and ticket brokers use it to hedge their bets to make sure they’ll have tickets for certain high-profile events.
The company ran into controversy in early 2009 when a couple of fraudulent sellers allegedly sold hundreds of DIBZ for the Super Bowl, for which they didn’t have tickets. The case, which was ongoing at the time this profile was written, resulted in FirstDIBZ having to refund money to hundreds of swindled customers.
FirstDIBZ begins college basketball Final Four and National Championship program
FirstDIBZ announces the launch of its new Super Bowl ticket exchange
FirstDIBZ now allows calling dibs on college footbll lodging
FirstDIBZ launches BCS college football ticket markets
FirstDIBZ and the rise of the ticket futures market
Get TicketNews to Your Email Inbox!
By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact