Sure if the goal is entertainment and sports, you're right. However, unlike chess or counter strike it's downstream from a real needed utility. Like, is there a point to do it anymore? (ofc there is, but still, it's been devalued from the perspective of the 'real utility')
It’s literally not. The most interesting and satisfying CTFs have never been grounded in reality, it’s just been an expression of mastery, both from players and authors, with a few notable exceptions. But they’re that, exceptions, not the rule.