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1) This is no reason to ban FX in my opinion.
2) Spending money is beneficial for the economy. If you win, you can spend money. If you lose someone else spends the money. Who decides what is beneficial for society?
3) You somehow imply that life is very important. How can something be very important if it is not lasting forever and if it is replaceable? There are only ‘problems’ because of the thought that life is very important, I haven’t seen any proof of that assumption in my life.
If I die, I die, and then? Presumably nothing. Retail Forex does not destroy lifes, taking life too serious destroys lifes and societies. But it doesn’t matter, and I don’t blame you because everything is relative. And because everything is relative; retail forex should not be banned.