Comment by andrecarini

> Omg.lol is operating the same way

Not entirely true; I'd argue it's closer to subleasing a part of the property they're currently leasing from an ICANN accredited registrar.

> they've just cut out the middleman

Quite the opposite! They've just introduced themselves as yet another middleman on top of the already existing middleman (there's still a value proposition to this, but it's not the same).

TL;DR: subtenant rights ⊈ tenant rights