Yeah, SD is outright illegal in most countries and he totally knows it.
Plus that's profiting from the weaknesses and addictions of people.
But karma's a bitch.
Frankly, I think governments monopolizing gambling is a terrible idea, in that sense I dont have a problem with SD. If anything its arguably more honest than any legal gambling.
But that doesnt change the fact it is indeed almost certainly illegal and evoorhees trying to IPO it for a fortune without even mentioning this or while pretending its not illegal, is rather troublesome.