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He is beating his untrained opponents up. So that's quite unfair. But they also want to get the big paycheck. Pro wrestling largely falls under the same category, but I think the balance of power is much more tilted towards the corporations who run the shows.
You don't need to stop people from paying to watch it. You can just levy extra taxes on the beneficiaries of the industry: Mayweather, the promotional companies, the TV networks. Ok, you wanna exploit people to watch 2 old guys fight? Fine we won't shut down the event, but you can't make excessive profit by exploiting the consumers so we will have special tax for your industry. Hopefully use the tax for a good purpose.
You don't need to stop people from paying to watch it. You can just levy extra taxes on the beneficiaries of the industry: Mayweather, the promotional companies, the TV networks. Ok, you wanna exploit people to watch 2 old guys fight? Fine we won't shut down the event, but you can't make excessive profit by exploiting the consumers so we will have special tax for your industry. Hopefully use the tax for a good purpose.