In theory maybe. But often regulation creates hurdles that successful enterprises pay as a cost of business while becoming impossible barriers for new entrants.

The positive/negative of regulation, like any law, is highly dependent on the details and context of the regulation.

Sweeping statements like "regulation is bad" are completely incoherent.

Regulation as a tool fills in the area between cases where lawlessness results in very bad outcomes, but where formal law results in inflexible rules designed with less transparency by politicians instead of experts.

In other words, regulations are a very useful tool for having malleable laws, and have positive or negative results like any tool, based on the details of how they are used in each individual case.