Magic Eden’s chief executive officer and co-founder, Jack Lu, says the platform is positioning itself for a coming “supercycle” in which finance merges with entertainment, as a wave of interest in prediction markets and betting accelerates. In a post on X, Lu argued that speculation has become mainstream and that Magic Eden is building for this evolving landscape, signaling a strategic pivot toward immersive, real-money gaming experiences. “Speculation is mainstream now. And Magic Eden is building for this world,” Lu wrote on Monday. “Prediction markets are all over Emmys and the news. Betting is the second fastest growing industry in the US after AI. Sportsbook sponsorships are all over everyone’s favorite sports broadcasts. Hyper casual games + real-money gaming are converging.” Data from Dune Analytics shows prediction-market trading volumes reaching a record 814.2 million on Monday, surpassing the prior peak of 701.7 million the week prior. Kalshi remains a leading name across poli...