> No reason to have limited licenses. A state run clearing house for all money going in and money going out. Then publish the results of this, so people can see how bad a deal gambling is

In many countries loteries advertise how much money was spent in tickets, and obviously they advertise the prize pool and the odds. As you can tell people still play, publishing the results does nothing. But that doesn't mean you should allow a free for all of fraudulent games. You see, most gamblers want to lose their money fairly.