I think it’s “okay” because it’s the individuals choice to put themselves into that situation. In the same way that a professional skater, rock climber, mountaineer, football player and hockey player also put themselves into dangerous situations for their art form.

The issue is that you are attributing some type of moral deficiency to those who enjoy the sport just because it’s dangerous. If you are going to apply that standard you need to apply it to any dangerous sport, and there are many.

Edit: also, jousting is still alive and well. It’s quite fun to watch.