The game was first released in Japan and North America for the Neo Geo MVS arcade system on March 20, 1998, followed by the Neo Geo AES home system on April 29, 1998. It was among the first games to take advantage of the "Neo Giga" upgrade for greater cartridge size, using 600
megabits. In Japan, the game was also released for the Neo Geo CD on July 23, 1998.
Real Bout 2 is also included in the compilation
Fatal Fury: Battle Archives Vol. 2 for the
PlayStation 2; this version includes Alfred as a playable character. The Neo Geo version was ported to the
Wii Virtual Console in Japan on June 19, 2012 and in Europe on October 4, 2012. In North America, Nintendo accidentally set the release date of March 27, 2008 on the official game page at the Nintendo site when the game was released on September 27, 2008.
Fatal Fury: First Contact, a game loosely based on
Real Bout 2, was released for the
Neo Geo Pocket Color in 1999. This version adds a new character named Lao, who is only playable in the game's Versus mode, while removing half the characters from the arcade release. On September 28, 2025, a definitive version of the game was released for PCs and distributed through the Steam marketplace, as a part of the Neo Geo Premium Selection by Code Mystics. This version features online play with
rollback netcode, practice mode and gallery mode. == Reception ==