Similar to the previous games in the Street Fighter series, Street Fighter V features a side-scrolling fighting gameplay system. The game also introduces the "V-Gauge", which builds as the player receives attacks and adds three new skills. The game features 16 characters at launch, with four of them being new to the series. A story mode and additional characters were added through updates and downloadable content. Its update, Street Fighter V: Arcade Edition, released on January 16, 2018 and was received more positively with improvements to the user interface and content, in particular its single-player modes and the addition of the much-requested Arcade Mode. A second update, titled Street Fighter V: Champion Edition, includes all fighters, stages, and most of the costumes released through its fourth season. It was released on February 14, 2020, as the original disc together with a voucher code to download the remaining content.
The story takes place between the events of Street Fighter IV and Street Fighter III. Years after he sacrificed himself to stop M. Bison, Charlie Nash awakens in a tomb and is instructed by a young woman named Helen to retrieve an item from his old friend Guile that will help him destroy Bison. Meanwhile, the Shadaloo organization initiates "Operation C.H.A.I.N.S." by launching seven artificial satellites in orbit known as the "Black Moons", planning to spread fear and despair, the source of Bison's Psycho Power, and siphon this energy in order to render him and his forces invincible. Rashid infiltrates the headquarters of Shadaloo looking for a friend who was kidnapped by them, but is discovered and defeated by F.A.N.G. F.A.N.G. steals a chess piece-like item in Rashid's possession and uses it to detonate one of the Black Moons, triggering a high altitude electromagnetic pulse above New York City.