The two competitors were fighting at a show on the island of Koh Tao, southern Thailand, on January 20.
They both threw left hooks which connected at the same moment - sending them crashing onto the canvas.
The double KO sparked a frenzy from the crowd with one person heard shouting, "a double knock out, I can't believe it, oh my god".
Onlooker Carter Wes, from Toronto, Canada, recorded the video while on holiday in the southeast Asia country.
He said: "Seeing this happen was actually insane."
Following the knockout, both fighters from the red corner and blue corner staggered to their feet clearly in a daze. They then indicated that they were ready to continue fighting.
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