Read this: 'The fatality rate for skydiving is around 1 death per 100,000 jumps' 'For BASE jumping it is closer to a roughly estimated 1 death per 500-1000 jumps so is, roughly, more than a hundred times more fatally prone to risk than skydiving.'. Yes. There is definitely a need for regulation.
Now, about how a sponsor like RB encourages some people to take unnecessary risks:
http://www.ibtimes.co.uk/red-bull-stunt-marketing-extreme-sports-death-464619
And Victor Kovats was probably #8.