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In law, would this be considered as gambling - an investment tournament where people pay an entree fee and then pick a portfolio of 3 stocks. After some period the top 3 portfolios share the pot of entry fees.

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    Interesting question. I guess it would matter if stock picking was considered a game of luck or a game of skill...are entrants making their own portfolio of 3 stocks, or are they selecting a premade one? – sharur Aug 10 at 15:45
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    I presume that is an entry fee and not somehow linked to one's choice of dinner. – eleventyone Aug 11 at 14:57
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In most jurisdictions if it was called an investment there would be strict regulation. As a game, it could be said to be skill-based although you don't say what the winning criteria are to be (if the top portfolio is picked at random, you're gambling).

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