What is the Use of Having Leagues?

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Avatar of Gump-Forest64
Hi all! I had joined Chess.com’s Beta version a few months ago. After winning a game, Your Points get Increased in League Division.
So this Question Struck in my mind.
1. What is the Use of Having Leagues?
2. What do you get from it?
Can anybody explain this in Detail?
Avatar of justbefair
TheNelson1356 wrote:
Hi all! I had joined Chess.com’s Beta version a few months ago. After winning a game, Your Points get Increased in League Division.
So this Question Struck in my mind.
1. What is the Use of Having Leagues?
2. What do you get from it?
Can anybody explain this in Detail?

You have been playing in it for weeks.

Certainly you must have heard that there is a competition with $50,000 in cash prizes and 200 free year-long diamond memberships going on.

https://www.chess.com/news/view/chesscom-releases-leagues

Avatar of Gump-Forest64
No I haven’t heard of it actually.
Thanks Anyways.