Regulation could work, but in my opinion the problem isn't devious mastermind product people attempting to entrap humanity -- it's self entrapment in a recursive way.
Regulators could add red tape and boundaries for what is or isn't kosher or legal, but in the end can prohibition fix systemic integration with addictive technological superagonist of our own creation?
Regulation isn’t perfect; in the best case all it can do is limit the worst harms. It’s still a bad idea to engage in regulated gambling, as you are very likely to lose money. Almost everyone knows this, yet many people do it, and I can’t see that changing any time soon.