ok, first of all: thanks for your interrest
secondly, we have 3 options of realizing a horse race tournament (if its possible in the end):
1) free choice of items and characters (including loomed horses and unrestricted character levels )
- this would result in an rather unballanced state of tournament since there would be quite obvious favorites ( level wise and horse loom grade wise )
- also would result in a more intense head to head favorite races of dedicated players
2) restricted loom grade and and character levels for the tournament participants (e.g. max lvl30 characters - think of STF chars here - and only plain horses and gear - as in sumpter, rouncey ... courser )
- would result in a more "ballanced" versioin of the game for starters
- with possibly less epic finals and less evolutionary development for recuring horse race tournaments
3) some mix of 1) and 2)
furthermore there seems to be a parcours map with obsticles and everything,which is a great starting point
there could be an interrest in a plain speed race map
there should be a proper ruleset to make things clear
and last but not least a unambitious time measuring method
edit: not to forget a trustworthy, neutral biding bureau (thinking of official admins here ) if official bidings will be allowed