Maybe some small minority of mods make money, and Reddit turns a blind eye.
But it's certainly not the majority, and the further back in time you go, the number gets significantly lower.
I'm still coming to terms with the fact that the internet has changed. The people who do it for money completely outcompete those who do it for passion.
We built a product in a 45 days, which means we really didn't want to spend weeks waiting on Google to index and rank us in the sea of 'athena' named websites. We used plausible.io to verify the unique visitors count on both domains after reaching out to users in Discord servers. Also, the domain confirmation was needed before actual targeted marketing so we don't waste much money on promoting the domain that doesn't look professional enough.
Between the Pinecil and the TS100 (et al) there are plenty of products out there which are similar enough in the segment of reasonably compact, fast, feature rich soldering irons.
especially for gambling and illegal/unregulated gambling related stuff
eg @ /r/sportsbook /r/gambling /r/casino /r/<insert casino brand here> etc etc
because of course audience + parasite hosting (google likes to rank reddit for lots of queries)