PRIDE 32: The Real Deal was a mixed martial arts event and was held by the PRIDE Fighting Championships. The event took place on October 21, 2006, at the Thomas & Mack Center in Las Vegas, Nevada. It was the first PRIDE event to be held outside of Japan, and in front of an audience of 11,727. Since the event took place in Nevada, PRIDE had to modify its rules to follow Nevada's version of the Unified Rules of Mixed Martial Arts for this event. PRIDE followed Nevada's MMA rules for the most part, in effect using the same rules as other promotions in Nevada like the UFC, but it used a ring to stage contests and prohibited elbows as it already did in its own rules (elbow strikes are allowed in UFC, just not downward striking elbows). Matches were three rounds of five minutes each, and if a match went the distance, it would be judged by Nevada's 10-point must system with Nevada State Athletic Commission (NSAC) judges, which is different from PRIDE's own judging criteria.

Fight Card:

Joey Villasenor vs. Robbie Lawler
Kazuhiro Nakamura vs. Travis Galbraith
Phil Baroni vs. Yosuke Nishijima
Dan Henderson vs. Vitor Belfort
Eric Esch vs. Sean O'Haire
Josh Barnett vs. Pawel Nastula
Mauricio Rua vs. Kevin Randleman
Fedor Emelianenko vs. Mark Coleman