Michael Condrey has confirmed on Twitter that the first season for Ranked Play is currently expected to start sometime in early January.
We’re aware of ranked play issues & still working out kinks in preseason, prior to season opener anticipated for early January. Stay tuned
— Michael Condrey (@MichaelCondrey) December 10, 2014
Sledgehammer Games has been working on many improvements to Ranked Play, some of which were released in the update that launched last week on Xbox One and PS4. For Season 1, the top 100 players will receive the Grand Master Reward.