There are three contests going on in the official forums right now they are:

Trainer Card contest: http://pokemondoa.mmogamez.com/forums/viewtopic.php?t=297
Custom Badge Contest:
http://pokemondoa.mmogamez.com/forums/viewtopic.php?t=299
Fan fiction: Origins of Team ages contest:
http://pokemondoa.mmogamez.com/forums/viewtopic.php?t=300

Prizes:
1st Place prize: 2,000 Pokedollars, Alpha Pin and Beta Pin.
2nd Place prize: 1,000 Pokedollars, Alpha Pin and Beta Pin.
3rd place prize: 500 Pokedollars, Alpha Pin and Beta Pin.

xnumber of runnerups get: 250 Pokedollars and a Alpha Pin.