Prostitution is not the oldest profession. Racketeering probably is. Probably started with the most basic form: giving your food to Ugg to pay him to stop his brother Grug from punching you.
Once organized crime gets big enough, it's really difficult to distinguish from a weak government.
Once organized crime gets really big, it stops being crime and persists on organization alone.
If they get too powerful, we just drop the "para" on that name.
Paying money so you don’t get roughed up looks pretty much the same whether it’s a bandit or a king doing it.
Unless you're in the UK, though, King Charles is not exactly asking for anything from you.