Last Friday marked the end of the AlliedOffsets Fantasy Carbon Trading League, closing out three seasons of risk-free, data-driven trading in the voluntary carbon market.
The league was created to offer a practical way to engage with carbon market dynamics using real project data, live prices, and AlliedOffsets’ Quality Normalization signals, giving participants a structured environment to compare credits, test strategies, and track performance over time, without investing real money.
For Seasons 2 and 3, we ran the league in partnership with Carbon Pulse, helping bring the game to a wider carbon market audience.
How the game worked
Each season, participants started with $10,000 in virtual capital and built a portfolio of voluntary carbon credits. Trades were submitted weekly, and portfolio values updated in line with market pricing.
The format enabled players to:
Assess project-level data when selecting credits
Use Quality Normalization to compare credits on a like-for-like basis
Monitor portfolio performance through the season
Benchmark results against peers via the live leaderboard
All trading was simulated, meaning the learning and competition were real, but the financial risk wasn’t.
With 59 participants taking part in season 3. Across the season, portfolios reflected a range of approaches to credit selection and portfolio construction, with results shaped by both strategy and market movement.
Season 3 of the AlliedOffsets Fantasy Carbon Trading League has officially come to an end.
At the end of the season, Matthew Kerr emerged at the top of the leaderboard with a final portfolio value of $19,756.11 marking the second time he’s won the league.
With a well-executed strategy and consistent performance throughout, Matthew takes home the trophy as our Season 3 Champion.
You can view the final leaderboard below to see how the season played out.
Well done again, Matthew 👏