Defeatist nonsense, and wrong. The US was regulating this until Trump. A friendly regulatory environment is the only way paying out these bets at scale is possible.
"Pushing it underground" discourages the majority of bettors from using it, and that is a good thing.
But may be there is also an upside. May be it would actually cause the people to take notice of what is going on around them and actually starting to use their brains (to make predictions) instead of simply consuming 24x7 news.
"Pushing it underground" discourages the majority of bettors from using it, and that is a good thing.