I think it's every magician's dream, until they really look into it. Basically, you pay your own prize (in case you would win), by paying contribution to a magic club and/or by paying for the registration. And you don't even know what the prizes are till they are about to be presented to the winners. Also, if you don't win or even if you end second, you won't get all that much attention, even though you did an incredible job.
For an organization that says to want to help develop and elevate the art of magic, to judge in a close-minded fashion and to disqualify people or give them lower scores merely because they think these artists used stooges (without further investigation, Lennart Green wasn't the only one, and not the last one as well) is just outrageous.
Maybe we should start our own FISM-like organization and make it more like the Olympics, more transparant and based on facts instead of merely personal opinions, and more open to everyone who deserves it.