Okay, here's the thing that is has been stated multiple times before.
Incentives for reporting players would lead to both positive and negative outcomes.
The positives, you ask? Well, it does encourage people to record and report more hackers, and if they get something for it they will become a happier person, and maybe increase the general mood of the community which hasn't been very optimistic as of late.
Sadly, the cons for this grossly outweigh the pros. For example, people would just record almost anyone they fight, hacking or not, and wouldn't report hackers to get them banned, they'd simply do it for their reward. This could make people forget why they are reporting the rule breakers in the first place. Also, more and more people would forge evidence and this would lead to simply quite a bit more false bans. This would also flood the report abuse section significantly more, making the mods have to commit more time to said section. Eventually this would become too much and would lead to the needing for more mods, and we don't just hire moderators willy nilly. This will take a ton of time out of the Sr. Staff's time to do other things like work on major server updates and tweak more pressing issues.
On another note, this would also require the staff to tell the players whether the player has been banned or not in order for them to claim the prize. This is against the rules to protect the rights that said rule breaker has on our servers and there will never be a feature that allows moderators/other staff members to tell the person making the report abuse whether the user has been banned or not.
I'd hate to break it to you, but there is a high chance that something of this scale will not be implemented. :c
If you have any further questions, do not hesitate to PM me with them, but for now, thread locked.