This vastly increases the barrier to entry for the normal person though. Is your position that just because laws don't work 100% of the time we shouldn't bother with them?
But wow what a useless way of conversing that is. They asked because it's unclear what you're implying. So could you please clarify if you think regulation would be useful? Or should be done despite being futile? Or shouldn't be done? I can only think of those three answers, is there another?
I think smart policy would be a good start. I just made a comment on the sign of our times. I could have worded my one line reply better. I do think it will be difficult to regulate as I don't see a political appetite to do so. Maybe some countries will get it right.
For the record, I do agree with this perspective at least from an external observer of the US. Many places already regulate these types of gambling much better. What I mostly took issue with is what I read to be a resolute throwing up of the hands of any action being useless.
It is indeed unfortunate that the level of corruption in the current US administration likely precludes any action on it in the current term.