Whilst not a malware infection in the traditional sense, if this exploit is observed on your device, it is highly probable that you were manipulated (via a simple click on a website link) into “subscribing” an additional (unwanted) Calendar to your device - and this unexpected Calendar is exposing unwanted calendar events and sending you unexpected “adverts” or other warnings.
If you see this issue, you’ll need to check for what’s out of place...
iOS/iPadOS13 and earlier: Settings > Passwords and Accounts
iOS/iPadOS14: Settings > Calendar > Accounts
Look for an “account” that shouldn’t be in the list of accounts - as this will likely include the Calendar that contains all the unwanted events. When/if you find the suspect account, tap - then select Delete Account. This should resolve this specific problem in its entirety.