As Comedy Central put it. “Sports, brought to you by gambling”.
I don’t disagree on ad regulation but it’s enmeshed now and will be hard to control. Leagues kept their distance because it looked bad, but now seem to embrace it as it must generate a boat load of ad revenue.
Well, 'sports' itself is predatory and causes lots of young people to trash their health for the amusement of onlookers.
I say 'sports' to mean the stuff people watch on TV and in stadiums. You going for a run or kicking a ball with friends is fine. It's audience-driven sports that are bad.
A bit of betting is small fry by comparison.