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EU High Representative for Foreign Affairs and Security Policy, Kalas: Today, we are adding nearly 1,600 new entities to our sanctions list targeting Russia's military-industrial complex. This will be the largest expansion of our sanctions list since Russia launched its military action.

The CFTC has proposed classifying contracts for events such as sports and politics as swaps. This move attempts to challenge federal regulatory authority over prediction markets by redefining the regulatory boundaries of financial derivatives. The agency is seeking public comment on proposed rules to include certain event contracts in the definition of "swaps." These proposals still require publication in the Federal Register and public comment, and are not yet final rules. Simultaneously, the CFTC issued a provisional final rule explicitly excluding traditional gambling products such as sports betting and casino games from the definition of swaps. Both documents reflect a regulatory approach: bringing eligible prediction market contracts under federal derivatives regulation while keeping traditional gambling within the state-level regulatory system. However, the decisive factor remains at the judicial level. The U.S. federal appeals courts are divided over whether sports event contracts on platforms like Kalshi and Polymarket constitute financial derivatives and whether state betting laws remain applicable. The Third Circuit court supported including these contracts within the federal regulatory framework, while the Sixth Circuit ruled that Kalshi's sports contracts do not fall under the definition of swaps in the Commodity Exchange Act, and state betting laws remain in effect. Other circuit court rulings have further exacerbated legal uncertainty. The National Football League (NFL) has supported pushing the Supreme Court to intervene and clarify the regulatory authority between the federal and state governments. The core of this struggle lies in who will ultimately set the rules and bear the regulatory responsibility for the multi-billion dollar emerging trading market. The CFTC's proposal essentially strengthens its jurisdiction over the prediction market through rule interpretation, but whether it can override state betting regulations depends on public comment, the final rule-making process, and subsequent judicial rulings.

The mayor of Kharkiv said that at least 12 people were injured in the Russian attack on Kharkiv, Ukraine, this morning.

The German DAX 30 index opened 89.08 points higher, or 0.36%, at 25176.35 on Monday, October 12th; the FCHI index opened 21.40 points higher, or 0.27%, at 7824.73 on Monday, October 12th; the Euro Stoxx 50 index opened 25.78 points higher, or 0.42%, at 6199.15 on Monday, October 12th; and the Spanish... The IBEX 35 index in Portugal opened 202.25 points higher, or 1.06%, at 19235.35 on Monday, October 12th; the FTSE MIB index in Italy opened 325.19 points higher, or 0.65%, at 50071.50 on Monday, October 12th; and the FTSE 100 index in the UK opened 42.80 points higher, or 0.41%, at 10594.85 on Monday, October 12th.

European stocks opened higher, with the German DAX index up 0.34%, the Spanish IBEX 35 index up 1%, the FCHI index up 0.33%, and the Italian FTSE MIB index up 0.6%.

Intel (INTC.O) CEO: Quantum computing will become mainstream within the next 3-5 years.