Shadow Falls has a character roster of twelve fighters - ten immediately playable characters (the two "Double Dragons" and eight Shadow Warriors) and two end bosses. Many of the characters are taken from the Double Dragon animated series that aired during the game's release. Only Bones, Sekka, Blade, and Dominique are original characters, with Blade's design being based on the generic Shadow Warrior soldiers who were on the show. Dominique and the Shadow Master are playable in the Super NES and Genesis versions via a code. In the Jaguar version, Blade, Trigger Happy, and Icepick were removed, while Dominique became part of the default roster.

Shadow Falls has a character roster of twelve fighters - ten immediately playable characters (the two "Double Dragons" and eight Shadow Warriors) and two end bosses. Many of the characters are taken from the Double Dragon animated series that aired during the game's release. Only Bones, Sekka, Blade, and Dominique are original characters, with Blade's design being based on the generic Shadow Warrior soldiers who were on the show. Dominique and the Shadow Master are playable in the Super NES and Genesis versions via a code. In the Jaguar version, Blade, Trigger Happy, and Icepick were removed, while Dominique became part of the default roster.