Virgin Gaming NBA 2K11 Online Tournament (PS3)

Virgin Gaming is running an online tournament for the Playstation 3 version of NBA 2K11, with a Leaderboard Challenge beginning November 5th and running through January 15th. The top 256 ranked players in the Virgin Gaming Lobby will be automatically entered in the tournament beginning January 17th, with a chance to share in $50,000 worth of cash and prizes. See here for more details and to register for the tournament.

I wish I was 18.

That much money based on an online tournament can be a problem.

There is no way to verify the identity of a person holding the controller.

That's the value of the total prize pool, the winner doesn't get $50,000.