Prize Fighter is a FMV boxing game that puts you in the body of "The Kid" boxer, facing off against four opponents: Honeyboy Fernandez, Mega Joe Falco, Rex Hawkins, and Nuke "The Duke" Johnson, over two CDs.
To win, you must jab, punch, and deliver uppercuts when your opponent's defenses are down. Block and bob as they make their moves. After a win, you can improve your left and right glove abilities and stamina by assigning "Power Points" to each area.
The game uses black and white FMV for the boxers and ring, with only player gloves and health indicators visible during bouts. You can enable tips, which guide you on when to press certain buttons.