It's not good evolution if an old sock becomes the weapon of choice. It really is that overpowered. Everyone would just be trying to entangle everyone. Lifters, flippers, axes, exposed wheels, etc, would all also get choked up.
This came up in dramatic style in the Battlebots revamp earlier in the year. See this from about 1min in:
Two highly advanced fighting machines, tens of thousands of dollars involved, fight instantly won by... a net. No fun!
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