Oh boy, that's going to be awful fun for parents. Let the kid play with a game; they call your name while pointing the forward camera at you and you've just Face ID'ed some in-app purchase.
That's an interesting corner case. My phone has a setting that lets me turn off touch ID for App Store purchases (so I would have to use my passcode) so I guess you'd just have to use that if your kid kept tricking you and you couldn't stop them.