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The prizes for the Fishing Contest are as follows:
>1st place receives a voucher to turn their entry either shiny or give them their hidden ability! The 1st place will also receive a Ball Exchange voucher! (Admin approval pending)
>2nd place receives a voucher to turn their entry shiny! The 2nd place will also receive a Ball Exchange voucher! (Admin approval pending)
>3rd place will receive a Bloot and a Ball Exchange Voucher (Admin approval pending)
As for the Inverse Fishing Tourney prizes:
>1st place will receive a trophy, a Master Ball and a voucher for a custom 4IV Non-Legendary Water-type Pokemon (Admin approval pending)
>2nd place will receive 3 PP Up and a voucher for a custom 3IV Non-Legendary Water-type Pokemon (Admin approval pending)
>3rd place will receive 2 Diamonds, an Elytra and a voucher for a custom 2IV Non-Legendary Water-type Pokemon (Admin approval pending)
I know that a lot of these vouchers are to be approved by admins, so it could very well happen that these vouchers won't be handed out until either Tyler, Din or Dubya confirm they're to be handed out.