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HDMI forum rejects AMD's open source 4K@120Hz and 5K@240Hz HDMI driver
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DisplayPort is superior anyway.
Why?
I've never understood the difference other than I get the vague sense display port is associated with apple.
DisplayPort is designed to give your GPU a fast connection to your display. HDMI is designed to give the copyright holder of the video you are watching a DRM protected connection to your display to make piracy harder.
This is why DisplayPort is better for the consumer but HDMI is more popular because the device manufacturers are really in charge of what you get.
DP has HDCP too. I get what you're saying, but there was more profiteering involved even than what you describe.