I think this was a nice idea. But I doubt if it could be at all. This work will be difficult to complete. In order to do this, big people have to agree. Not everyone can do it. Because how do you know who has won? But Anyway, I like the idea.
What is difficult with this? They can just make a thread like this one here and maybe add some voting or poll in it. Users can then place their votes if they are too lazy enough to post a reply if which candidate they think fit for the position.
It is okay if not all will do it, no one is forced in this idea anyway but those who join means that they care a lot in the important things that are happening in this forum and they also have a good interest in gambling. To know who had won is easy and it can be done automatically, thanks to the help of the poll system of the forum. In addition to that, we can manually write down the replies of each users that participate.