The tournaments called "Face the elites" are available in the practice mode.
They allow you to rank yourself against the best Funbridge players by replaying the tournaments from the Elite series. The tournaments are from the previous period*.
As for all series tournaments, the scoring system used is MP.
Please note that other players can't see your results in these tournaments.
*Reminder: periods last from the 1st to the 15th and from the 16th to the last day of each month.