This happened in my state.
I agree the headline is unclear. Basically what they have been saying is that there is no STATE inspection of such rides. All rides are inspected by industry inspectors, not state inspectors.
This boy poor did no "stupid stunts", according to the two women in the raft with him (although lots of people, admittedly DO often do stupid things). He was decapitated, most likely by the straps.
That was a dreadful way of writing a headline just to say there is no state regulation -- which is an entirely different thing than saying whether a ride is, or is not, safe.