[the invisib1e hand]

But ICANN is NOT responsible for any damage-causing or illegal content published at such a domain (think ‘kiddy porn’). Even the webhosting companies that store the content on their servers are not. Otherwise there would be no more ICANN (or ATT, or Comcast, or...) today.

well, icann or not, anyone who profits from libel is liable, to some degree.

No lawyer (thank God) but would posit that a case could be made...in a just world. But perhaps not in this one.

[Moltke]

Assigning a domain name is not ‘libel’ (or, as such, even trademark infringement - a trademark only covers specific goods and/or services, and a domain name is neither under any legal system), and ICANN does not profit from any content posted on such domains. Let’s leave it at that.