Wipeout makes its Nintendo 64 debut with support for four-players, a first in the futuristic racing series. The action takes place from a default view behind triangular shaped hovercrafts as players use an arsenal of weapons to hinder the opposition on seven twisting courses. Play modes include a single race against 14 opponents, a time trial race on any available track, and multiplayer competition with adjustable series lengths. Top lap, overall race, and time trial records are automatically saved to the cartridge.
The heart of the game is the "challenge," an 18-race event divided into three competitions. Some challenges may involve defeating a specific number of opponents, while others are a test of racing skill without weapons. A total of five racing teams are available to play as or against, each offering a distinct vessel to pilot with varying attributes in speed, shield energy, acceleration, and so forth. Options include multiple controller configurations, two viewpoints, and a choice for racing with or without weapons.