No, the prize is actually a Pod Bracelet, which is not terribly worth the frustration of beating him since there are easier ways to obtain them. I forgot to mention he also possesses the third Memento Ring in the game, but it's hardly worth it since only Relm and Shadow can wear them. Alexander is one of the rewards for finishing off Wrexsoul and you'll find the magicite in the real world after you really wake up.
The only magicite you can lose out on by "cheating" to win are Fenrir and Bahamut, but even then it only pertains to using Break or X-Zone on them since that will delay their turn and skip the Magicite obtain cutscene.




 
			
			 
					
						 
					
						 
			 
 
					
					 
					 Originally Posted by Midgar Mist
 Originally Posted by Midgar Mist
					

 
					
					
					
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