Magic Eden CEO and co-founder Jack Lu said the company is positioning itself for a coming “speculation supercycle” as finance increasingly blends with entertainment.
“Speculation is mainstream now. And Magic Eden is building for this world,”
Jack Lu said.
Lu pointed to the rapid rise of prediction markets, betting platforms and real-money gaming as signs of shifting user behaviour.
Trading volumes across prediction markets hit a record $814.2 million on Monday, according to Dune Analytics data.
The figure surpassed the previous weekly high of $701.7 million recorded just seven days earlier.
Kalshi continued to dominate volumes across politics, finance, sports and entertainment markets.
Polymarket and Opinion also posted strong trading activity during the surge.
Lu said betting has become one of the fastest-growing industries in the United States.
Magic Eden confirmed it will launch its crypto casino and sportsbook platform Dicey this quarter.
Dicey is designed to reward users for hosting games, placing wagers and interacting socially in a decentralised environment.
Magic Eden said tokenholders will receive a share of revenue generated from new initiatives.