Magic Eden Co-founder predicts a "Speculative Super Cycle": Forecasting Market and Crypto Gambling Heating Up Across the Board

Magic Eden CEO and Co-Founder Jack Lu recently stated on the X platform that, as prediction markets, sports betting, and online entertainment rapidly expand, a “deeply integrated financial and entertainment speculative super cycle” is forming. Magic Eden has proactively completed its strategic layout in preparation for this structural opportunity.

Jack Lu pointed out that speculative behavior is becoming mainstream. Prediction markets frequently appear on mainstream media outlets, and gambling has become the second fastest-growing industry in the United States, second only to artificial intelligence. Sports betting sponsorships are deeply integrated into major event broadcasts, and the boundaries between hyper-casual games and real-money betting are gradually disappearing.

Data also confirms this trend. Dune Analytics shows that the daily trading volume of prediction markets has risen to $814.2 million, setting a new record. Kalshi maintains a leading position in politics, finance, and sports sectors, while platforms like Polymarket and Opinion are experiencing increased activity, pushing “speculative applications” into high-frequency usage stages.

Against this backdrop, Magic Eden confirmed that its crypto betting and sports prediction platform Dicey will launch this quarter, focusing on decentralized game creation, betting, and social interaction. The company also disclosed that 15% of all future business revenue will be returned to ME token holders, with half used for buybacks and the other half distributed as staking rewards in USDC, issued monthly since March.

Although the NFT industry experienced a deep correction in 2025, with market value shrinking by over 60%, there are signs of a clear recovery at the start of 2026. The total NFT market cap has rebounded to over $3 billion, and Magic Eden still maintains an annual revenue scale of approximately $24 million. As speculative applications heat up, the intersection and integration of NFTs with gambling and prediction markets are becoming new growth variables in the crypto industry.