Over a more interesting base field $k$, one should require that the base field $k$ is inside the valuation ring $\mathcal{O}$. Here, as Jyrki Lahtonen points out in the comments, it is automatic. The following will actually show that for a smooth projective curve $C\to\operatorname{Spec} k$, the valuation rings of $k(C)$ containing $k$ are precisely the local rings of closed points. (Technicality for those who like them: smooth can be weakened to regular.)
In one direction, if $c\in C$ is a closed point, then $\mathcal{O}_{C,c}$ is a regular noetherian local domain of dimension one, and therefore a DVR. It contains $\Bbb F_q$, and has field of fractions $\Bbb F_q(C)$, so it is a valuation ring of $\Bbb F_q(C)/\Bbb F_q$.
In the other direction, since $C\to \operatorname{Spec} \Bbb F_q$ is projective, hence proper, we may use the valuative criteria of properness and a characterization of morphisms from a valuation ring:
Valuative Criteria for Properness (Hartshorne theorem II.4.7) Let $f:X\to Y$ be a morphism of finite type, with $X$ noetherian. Then $f$ is proper iff for every valuation ring $R$ with field of fractions $K$ and every diagram of the form $$\require{AMScd}
\begin{CD}
\operatorname{Spec} K @>>> X\\
@VVV @VV{f}V \\
\operatorname{Spec} R @>>> Y
\end{CD}$$ there is a unique morphism $\operatorname{Spec} R\to X$ making the diagram commute.
Characterization of morphisms from a valuation ring (Hartshorne lemma II.4.4) Let $R$ be a valuation ring of a field $K$. To give a morphism of $\operatorname{Spec} K$ to a scheme $X$ is equivalent to giving a point $x_1\in X$ and an inclusion of fields $k(x_1)\subset K$; to give a morphism of $\operatorname{Spec} R\to X$ is equivalent to giving two points $x_0,x_1$ in $X$ with $x_0$ a specialization of $x_1$, and an inclusion of fields $k(x_1)\subset K$, such that $R$ dominates the local ring of $x_0$ on the subscheme $\overline{\{x_1\}}$ equipped with the reduced induced structure.
Taking $R=\mathcal{O}$, $Y=\operatorname{Spec} \Bbb F_q$, $X=C$, and $f$ the structure morphism, as $\Bbb F_q \subset \mathcal{O}$ and $\operatorname{Frac} \mathcal{O}=\Bbb F_q(C)$, we can take $\operatorname{Spec} R\to\operatorname{Spec}\Bbb F_q$ to be the spectrum of the natural inclusion and $\operatorname{Spec} K\to X$ as the natural inclusion of the generic point to get the following diagram: $$\require{AMScd}
\begin{CD}
\operatorname{Spec} K @>>> C\\
@VVV @VV{f}V \\
\operatorname{Spec} R @>>> \operatorname{Spec} \Bbb F_q
\end{CD}$$
Since a projective morphism is proper, there exists a unique morphism $\operatorname{Spec} R\to C$ making the diagram commute. Since $\operatorname{Spec} K$ picks out the generic point $\eta$ of $C$, the inclusion $k(\eta)\subset K$ is the identity, and $C$ is exactly the closure of $\eta$ with the reduced induced structure, this morphism $\operatorname{Spec} R\to X$ is equivalent to a choice of closed point $c\in C$ so that $R$ dominates $\mathcal{O}_{C,c}$. But valuation rings are maximal elements for local rings contained in a field under the relation of domination, so since $\mathcal{O}_{C,c}$ is also a valuation ring, we must have $R=\mathcal{O}_{C,c}$.