There will be a double elimination beyblade tournament, this is a real tournamnet, in Arab,Alabama, at 1135 Laverne Circle. You need to bring 15 dollars to participate. All of the money will go to the buying of life saving technology for premature babies. first place will get 25 dollars, second will get 20 dollars, and third will get 15 dollars. To let us know you are coming or for directions please call 256-586-0119, or email plunkett700@charter.net.
Your not allowed to make a tournament yourself on the WBO if you want it to be official. In your case it has to be official as money is involved, but the WBO will not allow you to hand out cash prizes, nor will it allow you to pay $15 to participate, WBO tournaments cost $5 + possible venue entrance charge.
You need to go to event proposals, have a TT attack stadium, have at least 8 confirmed attendees, and have your tournament be approved by a moderator.
Then it can be official, but prizes can not be cash prizes, and the money probably can't go towards anything you like, it's either the WBO or the venue entrance fee.
If you wish for there to be a unofficial tournament (where none of the second paragraph applies) then no money can exist at all.
And you cannot advertise unapproved tournaments here.