New from @iboudway.bsky.social & me: Nevada's the first state to try to clamp down on federally-regulated sports trading, sending a cease & desist to Kalshi. The state regulator is even threatening criminal prosecution. Read more: www.bloomberg.com/news/article...

SCOOP: A high-ranking SEC official asked enforcement staf in January to declare that a case they wanted to bring against Elon Musk wasnt politically motivated, an unusual request that the staffers refused, according to three people familiar with the matter www.bloomberg.com/news/article...