AP Photo/Alex Brandon, File; AP Photo/Susan Walsh, File
- US investors won't be able to bet directly on the 2024 Congressional elections.
- Contracts wagering the outcome of the contest are "contrary to the public interest," the CFTC said.
- The ruling comes with Wall Street readying for a tight election battle next year.
Retail investors won't be able to bet on the outcome of the 2024 Congressional elections, the Commodity Futures Trading Commission has ruled.
On Friday, the top derivatives regulator blocked the retail-focused exchange Kalshi from offering contracts that would allow Americans to place wagers on the outcome of the upcoming contest.