ICANN is profiting from squatters far more than from your average domain owner. It's not in their best interests to intervene. Squatting is a real problem, tho

ICANN is profiting from squatters far more than from your average domain owner. It's not in their best interests to intervene. Squatting is a real problem, though. The cost of holding a domain until someone pays you stupid money for it is just far too low.