This (Deadpool) vinyl figure is released by Funko in their POP! x Marvel Universe vinyl figure series.
Funko POP! is a crossover vinyl figure series by Funko and other famous franchises such as Disney, Pixar, DC Comics, Marvel Comics, Simpsons, South Park, Uglydoll, etc. Each POP! figure is about ~3" to ~5" tall and crafted in a Japanese anime/manga super-deformed style (NOTE: due to the unique design of each character, the actual size of the figures may be smaller or bigger than stated).
Marvel superheroes take to the ring as a traditional luchador. Each one is keeping the classic color scheme but dawning a new mask to take crime off the streets and settle things in the ring.