That's such a poor argument. Illegal building is bad because it's illegal; illegal gambling is bad because it's illegal. This is just how laws work. Heck, in the US even homicide is bad because it's illegal, when you consider that there is a legal version of it.

There are very good reasons that gambling and financial markets are regulated.

Yep. Hope they kill Kalshi.

Devices that broadcast wifi illegal except when the FCC says so. Damn government with their thumb on the scales.