hot take but that is in fact the most appropriate regulatory framework (assuming you need one at all).

in all seriousness, I’ve achieved a great deal of psychological peace by coming to terms with the fact that, no, none of this will ever go away because it has product-market-fit for gambling, which is a bajillion dollar industry. obviously it’s unfortunate that it’s also an affinity scam, but such is life. everybody is a scammer.