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You get it after your first time beating the Stargazer Colosseum. There are 10 Colosseums, including the Gateway Colosseum (though I'm not sure if you need to beat that one to advance).
Yea, it is. Sorry, should have been more clear. After you beat the Stargazer Colosseum, the credits will roll, as you have just beaten the game. The next time you go to the Mystery Gift shop, a gift that costs 0 PokéCoupons will become available. That is your PBR Pikachu.