They do like money, but Valve also loves providing a service to people.
Nobody uses Epic Games, Origin, Ubisoft Connect, or Battle.net because they want to, they use it because they have to.
Steam Awards is a bit janky sure, but to say that their inability to run pointless awards properly ruins the convenience and value that Steam brings to its users would be a gross overstatement.
Not sure why people are downvoting you. I’ve been in about 2 Valorant games where I’ve seen people straight up get banned mid-match. It terminated the match immediately.
On top of that, I’ve never seen obvious cheaters in Valorant. Go play Counter-Strike for long enough and you’ll find spin bots.
Is rootkit anti-cheat sketchy? Absolutely. Does it work really fucking well? Absolutely.