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Gamblers trying to win a bet on Polymarket are vowing to kill me if I don’t rewrite an Iran missile story
(www.timesofisrael.com)
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And that’s basically it!
Not saying it's the best situation but if the choice is between the mob running it, capitalist corporations running it, and the state running it, I'd pick the state.
The state has an incentive to decrease problem gambling. Even if you ignore any democratic pressures from the people who don't like gambling being pushed, the state also has to bear the cost of addicts with social services so it's monetarily incentivized to reduce problem gambling.