The Commodities Futures Trading Commission (CFTC) has rejected a proposal by the North American Derivatives Exchange to offer option contracts on the eventual winner of the U.S. presidential election.

"As a result of reviewing the complete record, the CFTC determined that the contracts involve gaming and are contrary to the public interest," a press release from the CFTC stated.

People outside of the U.S. can make bets on the outcome of the election at a myriad of online sportsbooks, however.

Full story from Reuters: http://www.reuters.com/article/2012/...8F307W20120403