The Arena of Souls is an arena-style dungeon that throws wave after wave of monsters and bosses at a group of players. Before the battle begins, players can wager how far they think their group can progress. By wagering a high number of waves, the chance for greater rewards - or greater failure - is present.

The theme of the battles are simple - destroy each wave of enemies as they appear and advance to the next round. Complete all of the rounds to earn the highest tier of rewards. Besides earning rewards for meeting your wager's mark, each boss will also drop items that can be rolled on by group members. The Arena of Souls is the perfect dungeon for groups looking to push the envelope.