A peer-to-peer competition wagering exchange network method and system is disclosed which in one exemplary embodiment can include receiving schedule data associated with a competition or game-based event, receiving a selection from a first user to participate in the competition or event, receiving a selection from the first user for a competitor associated with the competition, and receiving a wagered, placed, or contributed monetary amount or token of value with respect to the selected competitor from the first user. The method can further include receiving a point spread or line with respect to the competition from the first user, and generating a challenge, contest, or campaign based on the received selected competitor, received wagered amount, and received point or spread by the first user.
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