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In an update, a bonus game mode was added to the game called "Luigi's Balloon World." In most of the kingdoms that Mario travels to, his brother Luigi will appear after the game is completed. Luigi can then be seen floating with Balloons of various colors, and offering access to the game mode. In this game mode, the player must hide a Balloon somewhere in the kingdom within a time limit, and they will gain coins for every person who attempts to find it.
Although the game itself isn't specifically based on Balloon Fight, it seems that the name of mode was meant to be a reference in Japanese. Although it is called "Luigi's Balloon World" in English, the Japanese name is "バルーンファインド," (Balloon Find) which is similar to "バルーンファイト." (Balloon Fight)