I feel if you are betting on some thing that you have no direct control in the outcome, you are playing a game of chance. That should in some way be regulated.
If you are betting on something that you can influence the outcome based on your participation, then you should be free to do it, provided you are not betting against yourself.
Why should someone who has ZERO business in a bet have any right* to "regulate" such bet?
Jeff Livingston
* While you're at it, can you explain where this "right" came from?