The live scammers targeting kids are pretty vile: https://www.youtube.com/watch?v=NYTPI57GLac
Seems like it's just a game of whack-a-mole, nothing is really being done to stop scammers from making new accounts and continuing their scams.
A lot of it is straight up sponsored by card makers too
This is the other side of the coin when it comes to the push for ID verification.
There are really only two businesses in the modern economy, fraud and gambling. Some are both.
The only defense is parenting. And no, I'm not one of those childless people who tells parents to parent better.