It's regulation to prevent plutocratic companies from fucking over people even more than they already are, the same reason you outlaw child labor or beating your employees with a stick. They literally do nothing good for anyone, and have addictive properties that can and have destroyed lives, while not being restricted, regulated or outlawed the way regular gambling is, and all for the games themselves to be worse for having them. The biggest "victim" of banning them is shareholders and CEOs who didn't deserve the money they were making off of these mechanics in the first place, and still won't be taking enough of a hit for any real "problems" to arise.
EDIT: yo was the person I was responding to was literally an ad bot for a gambling site?