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YouTube has its own contest program directly on the platform, so the first thing is to check the "Create" section on your channel to see if there are any active campaigns available for your region. There are also quite a few communities on networks like Reddit or Discord where creators share Shorts contests, and if you get into Latin American creator groups you'll find opportunities constantly. What I've seen is that a lot of brands launch their own Shorts contests when they want quick virality, so keeping an eye on hashtags like #ShortsChallenge or following big creator accounts helps you not miss any of them.
The indie creators I know usually make more money by participating in contests organized by brands directly on social media (Instagram, TikTok) that later ask for content for Shorts, because there's less competition than in YouTube's official contests. A hack that worked with my creator friends is putting together a group of collaborators and entering niche thematic contests (tech, travel, specific humor) where the audience is smaller but way more engaged, so your video has a better shot at standing out. Also checking out creator communities on Discord or Reddit where they're constantly posting calls for submissions that YouTube itself doesn't promote on the platform.
Yo, what I see in practice is that a lot of Shorts contests end up being pretty weak when it comes to actual prizes, so I wouldn't focus too much on waiting for YouTube to launch something specific. What works better is keeping an eye on brands that launch content campaigns (look for them on Twitter, LinkedIn, or directly on advertising agency sites like Billo or similar ones in your country), because that's where they actually offer real money or products. I participated in a contest from a tools brand recently through an influencer management platform, won a pack of equipment, and it was way more tangible than waiting for something from YouTube. If you want to see what's available now, you can also check Discord communities of creators where they announce this stuff as soon as it drops.
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