Magic Eden CEO and co-founder Jack Lu says his firm will doubtless be successfully-positioned for the “supercycle” the build “finance merges with leisure” amid a most neatly-liked increase in prediction markets and betting.
“Hypothesis is mainstream now. And Magic Eden is constructing for this world,” Lu posted to X on Monday.
“Prediction markets are all around the build Emmys and the facts. Making a wager is the 2d fastest rising substitute in the US after AI. Sportsbook sponsorships are all around the build all americans’s favourite sports declares. Hyper informal video games + real-money gaming are converging.”
Lu’s remarks approach as prediction markets’ shopping and selling volumes reached a file $814.2 million on Monday, smashing the previous file of $701.7 million closing Monday, Dune Analytics data exhibits.
Kalshi continues to lead shopping and selling volumes across politics, finance, sport, and leisure markets, whereas Polymarket and Notion are also performing strongly.
Magic Eden to capitalize on speculation
Within the same post, Lu confirmed that its contemporary crypto casino and sportsbook platform Dicey will inaugurate this quarter. The platform incentivizes customers to host video games, situation wagers, and absorb interplay with friends in a decentralized ambiance.
Earlier on Monday, Magic Eden talked about tokenholders can even bag a decrease of any contemporary initiatives.
A filled with 15% of all Magic Eden revenue drift will return to Magic Eden (ME) token holders, the firm talked about.
This revenue will doubtless be destroy up equally between ME buybacks and staking rewards, paid out in the USDC (USDC) stablecoin.
Earnings earned from staking will doubtless be in line with how unparalleled ME is staked and for how lengthy, with USDC rewards claimable monthly starting from March.
NFT substitute struggles to leap befriend
The bulletins approach after the NFT market cap fell 68% from $7.95 billion to $2.5 billion in 2025, CoinGecko data exhibits.
Organizers of the NFT Paris conference talked about the market pullback contributed to their canceling the occasion this 300 and sixty five days.
“Despite drastic mark cuts and months of making an are trying to create it work, we couldn’t pull it off this 300 and sixty five days.”
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Even with the artificial’s struggles, Lu talked about that Magic Eden maintained a “wholesome market industry,” bringing in roughly $24 million in revenue over the 300 and sixty five days.
The NFT market has started strongly in 2026, with the NFT market cap befriend over $3 billion, a 28% elevate over the first 20 days.
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