Magic Eden CEO and co-founder Jack Lu said a “speculation supercycle” is building as “finance merges with entertainment.” He posted the comments on X on Monday.
In the same post, Jack Lu wrote:
“Speculation is mainstream now. And Magic Eden is building for this world.”
He also pointed to prediction markets appearing “all over Emmys and the news.”
Lu’s remarks followed a record day for prediction markets. Dune Analytics data cited in market coverage put combined daily trading volume at $814.2 million on Monday, above the prior record of $701.7 million set the previous Monday.
Kalshi leads prediction markets while Polymarket and others keep pace
The same coverage said Kalshi led trading volume across categories that include politics, finance, sports, and entertainment. It also cited strong activity from Polymarket and Opinion.
Other recent market reporting has also described fast growth in prediction markets since 2024, with trading firms and market-makers moving into the space. That context has tightened links between prediction markets and broader trading activity.
Dune maintains public dashboards that track prediction markets and their volume trends, including pages focused on platforms such as Kalshi and Polymarket.
Those dashboards have become a common reference point in coverage of daily and weekly records.
Magic Eden ties ME token rewards to revenue, with USDC payouts starting in March
Alongside the prediction-market discussion, Lu said Magic Eden plans to launch its crypto casino and sportsbook product Dicey “this quarter,” according to the same report.
Magic Eden also announced that starting February 1, 15% of all company revenue will flow into the ME token ecosystem. The company said it will split that share evenly between ME buybacks and USDC rewards for stakers.
Magic Eden said staking rewards will depend on how much ME a user stakes and how long they keep it staked. The company added that USDC rewards will be claimable monthly starting in March.
NFT market cap pressure stays in focus after NFT Paris cancels 2026 event
The developments come as the NFT sector continues to deal with weaker conditions compared with earlier peaks. In its cancellation notice, NFT Paris said:
“Despite drastic cost cuts and months of trying to make it work, we couldn’t pull it off this year.”
NFT Paris stated that NFT Paris and RWA Paris 2026 are cancelled and tied the decision to a “market collapse,” while also outlining a ticket refund plan.
In parallel, market tracking pages continue to monitor how the NFT sector shifts in early 2026, including changes in overall NFT market size.
Coverage around Magic Eden linked its new plans to that broader backdrop.
Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
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Tatevik Avetisyan is an editor at Kriptoworld who covers emerging crypto trends, blockchain innovation, and altcoin developments. She is passionate about breaking down complex stories for a global audience and making digital finance more accessible.
📅 Published: January 20, 2026 • 🕓 Last updated: January 20, 2026
