Legality of Cybersquatting

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I currently have a case where someone registered a domain name due to insider knowledge of an upcoming project. This would theoretically be seen as cybersquatting as Wikipedia's definition on this is pretty clear:

Cybersquatting (also known as domain squatting), according to the United States federal law known as the Anticybersquatting Consumer Protection Act, is registering, trafficking in, or using an Internet domain name with bad faith intent to profit from the goodwill of a trademark belonging to someone else.

But the truth is, so many people do it! Is there a realistic chance to sue people like this? If so, has anybody had trouble due to domains they registered? I'm interested because I work with a ton of startups and help them setup their brand. I've had maybe 6-7 cases where a similar thing happened, but legally nothing could be done.

Plus, where does intent begin? Let's say for example you target clubs. You google lists of clubs, check out large and wealthy ones and then buy the relevant domain. A good example for this would be the rotary club, right? So you buy "rotary.club" and set up a simple "blog coming soon" site.

You then wait a few weeks, contact the original rotary club and tell them that you were planning a blog about rotary machines but noticed that the name would heavily conflict with theirs and make SEO & branding for you very troublesome. THEN you offer to sell it to them if they're interested.

How could anybody prove you have the intent to do anything?

Sorry for the long post, it's a complicated topic :)

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