I have written a draft for the new regulation text. Input regarding improvements would be appreciated:
The VS Battles Wiki is, first and foremost, a fictional character indexing site. All featured characters in our profiles should originate within actual stories, from notable or popular works. A story includes a plot, a fictional setting, and having a defined canon.
Do not create any joke profiles, as they do not fit into our tiering system. Also avoid creating profiles for fan characters, advertisement characters, memes, YouTube personalities, reality television, talk shows, music videos, stage personas, and the like. If you wish to create such profiles, feel free to do so in the Joke Battles wiki instead.
Take note that we are not experienced lawyers, so it is hard to precisely cover every angle, but to explain further, we are trying to keep the wiki reasonably streamlined and focused, to not allow in real people. Stage personas, such as YouTube and TV show hosts, tend to lack a 4th wall between them and the audience, and are not explicitly fictional in nature, as part of an actual story with a plot, regardless of special effects. They are real people who are recurrently acting out of character for their true personalities.
Corporate mascots and advertisement characters are not part of fictional storylines, regardless of feats in commercials and similar. It is preferable to not allow any incoherent figments without substance to be featured here.
The only exception to these rules is
Real Life, which serves as more of a reference for feats and common weapons and animals, rather than an actual verse.
Characters that originate from fictional canons or franchises, and share the same names as their real world counterparts are allowed, on the condition that they fulfill the requirements mentioned above.