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Piv said..
Yep. The rules say spend a lot of cash to have the wssrc ratify an event or attempt and you can use video timing or approved gps which includes trimble and needs 5cm accuracy at 10hz which is probably differential gps and so on and on. So my gw52 or the suunto probably aint gonna cut the mustard. So it seems most of us can only set an unoffical gps team challenge or gps speedsurfing unofficial record. Looks like any event has to stump up about $10k plus timing gear to be official. All fair enough really. Thought it was a bit optimistic some one could set an official record ad hoc wearing a watch.
I know the Gt-31's are scarce, but I'm pretty sure they arn't selling for $5k each.

As Kato said, anyone can set a record - the question really only is, will others attempt to break it? Indeed that is why there are so many weird Guiness Book records, as sometimes the existing record keeping, doesn't fit the community needs.
So the windsurfing community set up their own system that was an alternative to WSSRC, mostly so that it didn't cost the Earth. A single Gt-31 is all that is needed to set a GPS record - the second device is required to verify that the first is accurate.