The organizers of the Smash World Tour have confirmed that they has canceled this year's championship tournament, as well as next year's series of events, after receiving a cease and desist notice from Nintendo.
Here's an excerpt of what the organizers wrote in a Medium post:
It is with an unbelievably heavy heart that we must announce that both the upcoming Smash World Tour Championships, as well as the 2023 Smash World Tour must be canceled. Without any warning, we received notice the night before Thanksgiving from Nintendo that we could no longer operate. This was especially shocking given our discourse with Nintendo the past twelve months. Since then, we have been working around the clock to take the proper steps logistically, as well as to prepare this statement with proper legal guidance.
The Smash World Tour is a competitive circuit composed of over 6,400 global live events with hundreds of thousands of audiences in attendance. Prior to the cancelation, the pot for this year's championship, $250,000, would' have set a new record for competitive Smash Bros.