To date, the media company has paid out $20 million of the settlement agreement – which also includes significant stock options.

Conservative cable channel Newsmax paid $40 million to settle a 2020 election defamation lawsuit brought by voting systems software provider Smartmatic out of court, a new filing shows. The

Smartmatic accused Newsmax of falsely reporting that its technology "rigged" the 2020 presidential election for Biden over Trump.