How about this adjusted version?
"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. At the very least, the setting should be entirely fictional in nature, with no true bearing over the real world.
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 affecting a behavioural change/acting out of character relative to their true personalities, but the setting is otherwise unchanged from reality and not fictional in nature. Characters are separate from the real actors portraying them, and are not just variations of themselves.
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. However, if they have officially published comicbooks, games, etcetera to scale from, they can probably be included.
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 being 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."