Elon Musk and his political organization, America PAC, have informed a federal court in Austin, Texas, that they have reached a settlement to resolve two lawsuits stemming from their 2024 election lottery initiative. The program, which offered cash prizes to registered voters who signed a petition, had faced significant legal scrutiny regarding its compliance with election laws.

While the parties have confirmed that a settlement has been reached, the specific terms of the agreement remain subject to final approval by the presiding federal judge. The lawsuits were initiated following concerns that the lottery program may have violated federal statutes prohibiting payments for voter registration or participation. Neither Musk nor the plaintiffs have released detailed statements regarding the financial or operational concessions involved in the settlement at this time. The court's upcoming review will determine whether the proposed resolution satisfies the legal requirements and effectively closes the litigation.