The fight is absolutely 100% real and there was a continuous live stream for people who sponsored before the fight. There isn't much editing, so you basically see the entire fight in real time. The breaks between rounds were extremely short, so even though there are some short interviews before and after the video doesn't have a lot of fluff or build-up -- it is mostly fighting.
The first round starts a bit slowly and cautiously. I wish that all fight producers would instruct the girls not to grab each other's wrists-- it just results in a deadlock. Things pick up halfway through the first round and get very intense from there. One of the women was stronger and dominated most of the match, but the other just would not give up no matter how she suffered and eventually won a submission despite being on the losing end for almost the whole time to that point. The final result was very close, and both women fought really hard to win a big cash winner's prize (presented on camera).
In terms of the action, there was a lot of hard hairpulling and very hard spanking and slapping that left red marks. Pussy attacks were encouraged but only happened a couple of times and wasn't really shown. I initially didn't realize how serious the breast attacks were, as they sometimes happened where you couldn't see really well, but Peyton posted some damage pics the next morning showing swollen red scratches and marks all over the undersides of both breasts. There was fair bit of strangling, mostly with forearms, and at least a couple of rounds ended with the girl on the bottom trying desperately to hold out for the last minute or so while fighting for breath. They start each round on their feet but most of the fight takes place on the ground (/couches/floor). The fight is nude from start to finish.
I also hate it when there aren't previews, but in this case I think you get exactly what is advertised and strongly recommend the video. Regan is a catfight legend who seems to be just getting into producing. Payshunce has a great natural body and I think Peyton (of APL and RVQ/Paisely's Fight Club fame) is one of the most stunningly beautiful wrestlers/catfighters in the country.