Former Sen. Blanche Lincoln — the architect of the Dodd-Frank Act turned lobbyist — argued the federal commodities regulation regime is “under threat” from states’ efforts to ban prediction markets in testimony filed to the Commodity Futures Trading Commission (CFTC) Friday.
However, at least one part of the former Arkansas senator’s testimony appeared to misrepresent elements of the laws she helped to write.
Lincoln provided her testimony as part of the comments on the CFTC’s Prediction Markets Roundtable, an event that was meant to take place on 30 April but has been indefinitely shelved.
She cited her experience as a former chairwoman of the Senate Agriculture Committee, where she was a “primary author” of the Dodd-Frank Act.
