On the sidebar under campaign there should be a "FRHD Events" category. Here could be contest held by you. Drawing contest could be held at a small fee of 100 coins. Then when you draw a track under and go to publish under "Description" could be a "Submit to Contest" category. Back at the FRHD Events, if you click a contest it could be the setup of the home screen. This would include the Newest, Biggest, and Hot for the tracks in the contest. With this there can be a count down clock. When it hit 0 the top 3 get rewards which could include coins, excusive gear and Etc. " The Daily Track" can also be an additional option. the winner gets a small reward. Char and Eric, I would highly suggest you adding this feature.
Exclusive gear is only for official contests. if a noob made a contest and farmed with his friends, it'd be pretty useless to get something exclusive idk about the idea though :/
Yes, but dont expect much from the devs, they have a long list of stuff to work though and atm that is filled by a major coding rework.