Does anything happen to the reported player as the result of a report? I’d imagine if a report is found to be false, reports from that player are deprioritised, but I don’t think you would punish them because they could just be mistaken.

If you watch high level counterstrike for example, you could be forgiven for thinking some of these players are cheating (despite playing on LAN in an arena) because their aim, prediction and game sense is just that good.