Jack & Jill raises $50 million to bring conversational AI to job-hunting

Jack & Jill uses conversational AI to sidestep the listing and resumé shuffle. With $20 million in seed funding, the company is plotting its US expansion.

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How emerging Mubadala-backed AAF is winning VC deals in some of the hottest startups

In less than a decade AAF has backed startups with exits totaling $2 billion, it says and is doing so through an unusual VC model.

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PrizePicks gains fantasy sports operating license in New York

PrizePicks is back in New York following last year’s $15 million settlement for operating without a license.
Fantasy sports operator PrizePicks will now be able to offer its service in New York, after being awarded an interactive fantasy sports operating license by the New York State Gaming Commission. PrizePicks has confirmed that it plans to launch its peer-to-peer offering in New York in the coming weeks.
“New York is home to some of the most passionate sports fans in the country, and we know they will be excited to have PrizePicks back,” said Mike Ybarra, CEO of PrizePicks. “We’re thrilled to offer a great entertainment experience that elevates how they engage on game day and beyond.”
PrizePicks’ background in New York’s gaming scene
This comes after PrizePicks paid nearly $15 million to the Gaming Commission in 2024 in a legal settlement over its licensing issues. Now, the company maintains that it has “worked closely with state gaming regulators to ensure that its new peer-to-peer contests comply with New York’s strict fantasy sports requirements.”
“We want to thank the New York State Gaming Commission for their collaboration and recognition of our peer-to-peer offering as a fantasy sports contest,” said Jason Barclay, PrizePicks’ Head of Public Policy and Chief Legal Officer. “We worked diligently to design a game that meets the Commission’s rigorous standards, and New York’s decision underscores the idea that innovation in fantasy sports can thrive within a clear regulatory framework.”
New York is now the 16th jurisdiction to formally license PrizePicks for operations, confirming that PrizePicks’ contests can be offered as games of skill under its fantasy sports laws. The fantasy sports operator has also been investing heavily in the social side of its app recently, bringing in famous faces to promote The Feed and its various community-focused features.
Featured image: PrizePicks
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6 Best Low-interest Business Loans for 2025: Ranked & Reviewed

The best low-interest business loan offers flexible terms, fast approval, and affordable monthly payments to fuel your growth.
The post 6 Best Low-interest Business Loans for 2025: Ranked & Reviewed appeared first on TechRepublic.

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Zepto raises $450 million at $7 billion valuation as Indian quick commerce market heats up

Indian quick commerce startup Zepto said it has raised $400 million in a funding round led by a new investor, California Public Employees’ Retirement System (CalPERS), a U.S.-based pension fund. The round, which is a mix of primary and secondary investment, also has participation from existing investors, including Avenir, Avra, Lightspeed, Glade Brook, The Stepstone […]

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Resorts World New York City’s latest casino application brings total spend up to $7.5B

Resorts World New York City has submitted its supplemental application for a casino license, bringing the total spend up to $7.5 billion.
Now submitted to the New York State Gaming Facility Location Board, Resorts World New York City’s proposal promises “more jobs, more revenue, and more immediate economic impact” as the competition for a license continues to heat up. This comes on the heels of MGM Yonkers pulling out of the running, leaving just three applications in contention.
Resorts World’s proposal includes $5.5 billion spent on site development and $2 billion on community benefits, bringing the total spend up to $7.5 billion. Estimates put state and local tax payments for the first 10 years of operation at $18.8 billion. This comes after Resorts World pledged to pay $100 million more than necessary for the license fee, promising $600 million in total.
The company also promises to open its doors four years earlier than other bidders plan to, with a scheduled opening date of June 29, 2026.
“This is more than a bid: it’s a promise kept to the people of New York,” said Robert DeSalvio, President of Genting Americas East. “No other project will come online faster, generate more financial impact, create more jobs or send more revenue to the state’s education fund, the MTA and local communities than Resorts World New York City.”
What’s next for the future of New York City casinos?
While Resorts World is hoping its latest application update will help it stand out from the rest, the decision still ultimately rests with the New York State Gaming Facility Location Board. It expects to make a decision by December 1, 2025, so there’s not too much longer to wait.
The three casino applications still in the running are Resorts World, Citi Field in Queens, and Bally’s Bronx casino. You can read all about the proposals here, and the wider process, here.
Featured image: Resorts World New York City
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PayPal’s crypto partner mints a whopping $300 trillion stablecoins in ‘technical error’

Paxos, the blockchain partner of PayPal, mistakenly minted $300 trillion of the online payment giant’s stablecoin on Wednesday in what the company called a “technical error.” 

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US and UK Lead Record Cybercrime Operation in Southeast Asia

146 individuals and entities tied to the Prince Group TCO, led by Cambodian national Chen Zhi, were sanctioned.
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UK’s DCMS opens consultation on gaming machine and bingo licensing reforms

UK’s Department for Culture, Media and Sport has launched a public consultation on proposed changes to gaming machine rules and bingo venue licensing in Great Britain. Published on Wednesday (October 15), the consultation asks for feedback on possible updates to the stakes and prizes for Category D gaming machines and changes to the licensing system for the bingo industry. People can share their views until 11:59 pm on January 9, 2026.
According to DCMS, the consultation hopes to ensure that “the regulatory framework that underpins [the land-based gambling industry] is fit for purpose” and to explore how “sustainable growth might be supported in the family entertainment centre sector.”
Category D gaming machine consultation
The government is asking for public feedback on plans to update the stake and prize limits for several types of Category D gaming machines, such as crane grab machines, coin pushers, and non-money prize machines. The machines are commonly found in seaside arcades and family entertainment centres, can be played by children, and are generally seen as some of the lowest-risk forms of gambling.

“The government is clear that growth cannot be pursued at any cost. It is vitally important to uphold the licensing objectives set out in the Gambling Act 2005, which includes protecting children and other vulnerable people from being harmed or exploited by gambling.” – Department for Culture, Media and Sport

DCMS stated that it is “keen to take stock of the effects of recent commercial pressures and explore ways in which sustainable growth might be supported in the family entertainment centre sector.” The proposed changes would keep the £1 maximum stake for crane grab machines but raise the maximum prize from £50 to £75. The department noted that “average prices of goods included in the Consumer Prices Index in the UK have risen by over 55% from 2009 to 2025,” which has made it harder for operators to offer prizes that appeal to players.
For non-money prize machines, the government is calling for feedback on plans to separate slot-style machines, which look similar to adult gaming machines, from other types of non-money prize machines. The limits for slot-style machines would stay the same, but for other machines, the maximum stake could increase from 30p to either 40p or 50p, and the top prize could go up to £20.
The government is also considering merging the categories for coin pushers and similar machines, introducing a single maximum stake of 30p and a top prize of £20, with no more than £12 of that being a cash prize.
As part of its ongoing commitments, the consultation is also asking for views on a proposed ban that would stop anyone under 18 from using “cash-out” slot-style machines that pay money prizes. These machines “share similarities with higher stake, adult-only gaming machines,” and while the arcade industry introduced a voluntary ban in 2021, the government now proposes to make this restriction law.
Bingo premises licensing
The government is also seeking feedback on proposed changes to bingo venue licensing to make the difference between bingo halls and adult gaming centres clearer. According to DCMS, “many licensed bingo premises are largely taken up by gaming machines and are difficult to distinguish from adult gaming centres.”
Under the new proposals, all licensed bingo venues would need to have a clearly defined “bingo area” that takes up a set portion of the total floor space. The consultation suggests three possible options including dedicating 30%, 40%, or 50% of the venue to bingo activities.
To keep this area separate from other types of gaming, the government is proposing to ban cabinet or in-fill gaming machines from being placed in the bingo section. Any tablet gaming machines located there would also need to include bingo games. Officials said the measures would “ensure that all bingo premises offer a minimum level of facilities for bingo and [maintain] a clearer distinction between licensed bingo premises and adult gaming centres”.
The department is looking for views from industry stakeholders, local authorities, and the public to help understand how the proposed changes might affect investment, jobs, and gambling-related harm. DCMS emphasised that “growth cannot be pursued at any cost” and that protecting children and vulnerable people “remains an important consideration”.
Full details of the consultation and submission instructions are available on the UK government’s website under “Consultation on Category D gaming machines and licensing for bingo premises.”
Featured image: Canva
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Chance of AI market correction is ‘pretty high,’ says ex-Meta exec Nick Clegg as he pushes back on superintelligence

The AI boom has resulted in “unbelievable, crazy valuations,” Clegg said.

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