The inaugural season of Overwatch competitive play is drawing to a close on 17 August. Blizzard had reduced the length of this particular season to maintain its intended tournament schedule, which is why players have had less time to collect Competitive Points.
Players will receive bonus Competitive Points at the end of the season depending on their Skill Rating. In addition to this, players who managed to break into the top 500 at anytime during the season will be granted an extra player icon and spray. This will be granted even if the player drops out of the top 500.
This first season of Overwatch has largely been used as a testbed; with Blizzard making constant adjustments to the game. The developers declared early on that the mode would not be optimal from the start, and that they would need several seasons to get it working to their satisfaction.
In the mean time, Blizzard has also announced an Overwatch World Cup. This global tournament is being tagged as an exhibition, possible due to the lack of cash prize. Interestingly, voting for the World Cup begins on 11 August; just a few days before the end of the competitive season.