Tyson, who's 57 years old and used to be the heavyweight champion, will go up against 27-year-old Jake Paul, who started as a YouTuber and then became a boxer. They'll fight for eight rounds, each lasting two minutes.
The fight will follow professional rules. The boxers will use 14-ounce gloves, and knockdowns and knockouts are allowed. The result will count on their professional records.
Evander Holyfield, who fought Tyson before, shared his thoughts about the match. He said:
"My whole thing is that it's an exhibition, so I don't know what's gonna happen. I just know that Mike Tyson's supposed to beat him. He's supposed to. But, in a situation like this it's a big money thing, so ain't no telling what's gonna happen. I'm gonna be there. I'll go watch it."
Holyfield also gave some advice on how Paul should fight:
"If he stays close to Mike then his chance of winning is going to be great, but if he tries to stay back from Mike he's going to get caught. Mike is like a snake. He'll pop out on you. He gets there too quick. But if you charge him, you're going to smother him."
Other boxing experts have different views. Robert Garcia, a top trainer, thinks the fight might be more like professional wrestling. Teddy Atlas feels there could be some planned parts to it.
The fight card also includes a rematch between Katie Taylor and Amanda Serrano, which is a real top-level boxing match.
You can watch the whole event on Netflix from anywhere in the world.