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.
Well my take on this is if you have a decent job, not living with your parents or your parents that not support you in terms of financial then you have the right to spend on whatever you want like gambling even you are 18 years old. I guess we should start limiting the limits like age, gender, etc. since we are modern now, we should think of something new and something relevant. As for investment, I think we should start implementing a slight check on the investor, not just because they have a money to give to you but you want the money to be given hard earned and clean.