Magic Eden CEO Jack Lu is optimistic about the future, citing a surge in prediction markets and betting. Trading volume hit a record $814.2 million, with Kalshi leading the way. Lu announced the launch of Dicey, a crypto casino platform, offering incentives to users. Token holders will receive 15% of revenue in ME tokens or staking rewards. The NFT industry has struggled, with market cap dropping to $2.5 billion. Despite this, Magic Eden saw $24 million in revenue. NFT market cap has since recovered to over $3 billion in 2026.

Read more at Cointelegraph: Magic Eden to Capitalize on Speculation Supercycle