We've had a lively debate on Vator.tv this week about just how wise the wisdom of crowds is.You can see the Vator Box show that triggered the debate here, and some of the comments it generated at the bottom of the same page. One of those comments came from Emile Servan-Schreiber, CEO of NewsFutures.com, a startup that's been in the business of prediction markets for more than seven years. Founded in 2000, it's home to prediction traders who've consistently proven to be more accurate prognosticators than polls for everything from political races to Academy Award winners. A related development can be seen in the growth of user-generated content,  as  more media companies, spurred by online rivals, give readers a chance to put ... [ Read more ]