Regulation is generally a good thing. You have a problem with an insurance company and you have a state commissioner that gets involved. You have a poor job performed by a licensed contractor and you have a registrar's office that gets involved. Good things for many reasons to have regulation and the people's intervention.
However when it comes to horserace gambling I have to agree with those that call for no government intervention and I also go as far as to say give us no regulation. The government doesn't care about gamblers and they shouldn't care either. Why? Because gamblers generally are volunteer losers. In Nevada, the gaming commssion doesnot stand in the way of a casino barring a card counter. Why? There is nothing illegal or there is no cheating involved. The government is not going to stand up for the gambler.
Now as I've said in the past, and I still contend today, stewards should not be allowed to regulate the gambler. Why? Well these decisions the last few months by these stewards certainly answers the why question. What I can't understand is a gambler that would bet seriously on horseracing for a number of reasons, but especially knowing that 3 anonymous people who may be ( I say probably are) biased, have the authority to make up rules and change the rules, after an event has been completed.
No other sport that you can wager can do what horseracing does, to my knowledge. If you bet the Packers to win a game and they cheat and foul and it's caught on camera only after the game, the outcome doesn't change.
Use your mad money sparringly when betting, and even more sparringly when betting horses, as long as horseracing allows these people to regulate and change the outcome of a bet, after the event has been completed.