But what keeps a kid from faking his ID making it look like he's old enough? I saw many KYC procedures that asks that a user uploads he's ID front and back side and that's it. What is keeping a kid to "photoshop" his ID to show he was born in 2000. and not in 2010.?
But certainly kids of age lesser than 18-20 shouldn't be allowed to gamble or invest or trade in any kind of commodity. The parents taking care of them should probably check their actions from time to time, and should see that they don't really get addicted towards gambling on the whole.
Photoshopping and faking gambling companies isn't a good way for both the child and the gambling company. They wouldn't be mature enough to know the gambling strategies and might lose a lump of money in a go. Gambling companies should have strict restriction towards investments and losses, if the investment and losses tend to go beyond a limit, they should be freezing the account for certain period of time.