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“Just eight years ago, this court reiterated that ‘each state is free to act on its own’ in regulating sports betting,” the petition says. “But Kalshi has a different view. Kalshi bills itself as ‘the first app for legal sports betting in all 50 states’ and believes it can offer that legal sports betting without following the sports-gambling laws of any of those 50 states.”
In a statement, Kalshi spokesperson Dani Lever said the platform is “an open, nationwide, financial exchange” that “cannot be regulated by 50 different regulators”, per CDC Gaming.
“Both the Third Circuit and the District of New Jersey side with Kalshi, because the CFTC’s exclusive jurisdiction prompt state law,” Lever said, adding that “nothing in New Jersey’s filing” changes that view.
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The new title steps outside the series’ usual framework, though. Where the earlier Oktoberfest entries leaned on the studio’s Hold and Win engine, this slot brings together ice-cold Märzen, sizzling bratwurst, salted pretzels, Tyrolean hats, and friendly locals ready to say “Prost!” Winning combinations can reach up to x2000 of the bet.
The mechanical shift is the clearest editorial detail here. The Bonus Spins game begins when three or more Coins land on the grid, awarding five Bonus Spins. A Plus Coin mechanic can extend that round, positioning the title around bonus-spin play rather than the coin-collection format of its predecessors.
That distinction is worth flagging because the prior Oktoberfest titles were explicitly Hold and Win games chasing Mini and Mega prize tiers. Lucky Fest Hold and Win is set on a 3×3 reel with 27 pay lines that offer plenty of opportunities to win. It runs an RTP of 97.1% and high volatility.
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“You can go the combative route and ban something that’s federally regulated,” he said. “But what you’ll end up with is a bunch of customers in Texas just going offshore.”
The committee also heard from Brianne Doura-Schawohl, a nationally recognised problem gambling expert. One study cited by Doura-Schawohl found that 52% of Gen Z respondents include sports betting and prediction markets as part of their long-term financial plan.
She also criticised a Kalshi competitor for offering a function that allows minors over 17 to link an investment account with the ability to buy and sell event contracts. A former legislative director for the National Council on Problem Gambling, Doura-Schawohl described the opportunity as “very dangerous” for teenagers susceptible to harm.
