No disputing that the domain name itself was an acronym for "Magic: The Gathering Online eXchange", but I'm failing to find any concrete evidence that Mt. Gox's code started out as a card trading platform. Just circumstantial evidence and speculation - that Wired article that the Mt. Gox Wikipedia article cites as its source included.
Depending on how the trading card site was constructed, large chunks of the code base for exchanging cards could be used for exchanging Bitcoins (though not, obviously the broken wallet).
It seems like a question one should ask and one that should not be dismissed as merely "ignorant" or with the irrelevant assertion that the site is now owned by someone else when what matters is who built it in the first place and if that code is still in use.
I've only looked into this a little bit, but the more information I find the more it seems like the relationship between Mt. Gox and Magic: The Gathering Online Exchange has been greatly exaggerated, perhaps to a downright comical extent. See: https://news.ycombinator.com/item?id=7215940
If someone asks a question based on a false premise by assuming that a site in question ever traded certain things and was not only ever Bitcoin-based, the question is, does that person not know what they're talking about? The answer would appear to be yes.
Throwing "lol Magic: The Gathering", is pretty ignorant.