Yes, but I've also seen it available as software for the PC. The screenshot looked good. Didn't know if anyone had a copy... or even if it were still available.
I've got the original Risk, but haven't had time to play it... I there's a page for Risk2 on the Infogrames site, but I don't know who has it in stock and it is an old game - it's badged by Microprose!
There are multiple copies on eBay right now for around $10 'new in box'.