United States Supreme Court
In two-sided transaction markets, courts must consider the effects of a restraint on both sides of the platform to determine whether it is anticompetitive under the Sherman Act.
Ohio v. American Express held that the antitrust analysis of restraints in two-sided markets must account for effects on both sides of the platform, finding that American Express's anti-steering provisions were not anticompetitive when both cardholders and merchants were considered together.