Last week, SIE announced PS4 Tournaments: Challenger Series that started yesterday, on August 6, with Mortal Kombat 11, FIFA 20, Dragon Ball, Injustice 2, For Honor and Ultimate Ninja Storm 4. As far as I understand, we will get also Battlefield V, Warface and other AAA titles that will be joining later this year.
PS4 Tournaments: Challenger Series is for all gamers at all skills, and it can be found on Tournaments section within the Events Tab on your PS4 console.
Seasons: PS4 Tournaments: Challenger Series is seasonal, giving you a chance to come back and compete in your favorite games repeatedly. In each season, progress through stages to test your skills with a level playing field, earning prizes for your efforts. See how far you can go – then come back for the next season and see what new prizes you can win!
Competition Stages: Every tournament season has three stages of the competition. Everyone will start in Stage 1, and for Mortal Kombat 11, you must win at least 3 out of 4 matches to advance to Stage 2. This allows more chances to advance than in a single-elimination structure. In Stage 2, you will compete at a higher skill level and need to win to move on to Stage 3. In this final stage, you will join the best fighters to compete for the championship title.
Prizes: As you progress through the competition stages, the value of the prizes will increase. From unique, game-specific dynamic themes to in-game currency and cash prizes, there are plenty of reasons to compete throughout a season.
More details here.