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Herein, does Sony ban for game sharing?

it's technically illegal to share games but it's considered ok to play your games on a different ps4. You'd have to sign in with your account and download the games then they should be available on that system under another account.

Additionally, can you play the same game while game sharing ps4? There's no limit to the number of consoles you can download a game on, but only two games can be played concurrently — one on your primary system, one on a secondary console, which you must be logged into. Sony has also revealed you'll be able to change which PS4 is your primary system if you need to.

does game sharing on ps4 still work?

In large part, many of the changes that have been made to gaming are designed to discourage the behavior of game sharing. However, if you own a PS4 the sharing of games is still possible, if not a bit obtuse. Here are some of the ways that you can share games on PS4.

Will game sharing get me banned?

EDIT: to address your second update, consoles and accounts can both be suspended or banned. If it is found, both console and account are banned on the first offence. People complaining about being banned for sharing games with their friends have most likely publicly admitted to giving their friend their login details.