Card text:
You and your opponent exile cards from the top of their library until they hit a nonland card at the beginning of your upkeep...

The event's deck is all lands...
Your upkeep happens... you exile your deck, then as the effect fizzles out as you can't cast anything, you then go to draw a card and are defeated as you now have no cards you're able to draw...

Why in the **** would you include stuff with effects like this... right now I'm basically waiting for my opponents to hopefully concede three times without actually playing this stupid event. Yay 30-second timers.