There are actually two answers to this question.
Ice Hockey is the fastest moving team game in terms of overall speed of play.
Jai Alai is the fastest team game in terms of how fast the ball moves (it's been clocked at over 188 mph).
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Jai Alai is the fastest official ball game in the world. Hurling is the fastest team sport ball game in the world. Badminton is not the fastest ball sport because it is not a ball sport. In badminton, they use use a shuttlecock which is conical in shape and has feathers. see http://en.wikipedia.org/wiki/Ball_game (Ice hockey No its Hurling for sure.) i am afraid it wrong, now a day, the fastest ball sport is badminton, you might don't believe it, the height record is 414km/h, here's a website (http://www.badzine.info/index.php/features/main-features/2168-exclusive-news-tan-boon-heong-becomes-worlds-fastest-shuttler.HTML)
They would be considered World Champions, but not necessarily ranked number one in the World, each team gets points for how many matches they win so winning the seven matches to win the World Cup would get them a lot of points.
Currently (2010), it is decided by which league's team wins the annual MLB All-Star game. If the American League's team wins, the first game of the World Series will be played at the AL representative's ballpark. If the National League's team wins, the first game of the World Series will be played at the NL representative's ballpark.
No, they get some more games after that
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