Hungarian parliamentary elections on April 12 delivered a crushing defeat to Viktor Orbán's Fidesz party, which lost its long-held supermajority in the 199-seat National Assembly to Péter Magyar's Tisza party amid record turnout exceeding 77%. Orbán promptly conceded, signaling the end of his 16-year tenure as Prime Minister once the new parliament convenes and selects a successor, likely by summer. Trader consensus reflects this near-certain transition, pricing Yes at 98.5% as structural handover procedures unfold predictably under Hungary's constitutional framework. Realistic shifts would require extraordinary events like successful legal challenges to results or a no-confidence reversal, both improbable given the landslide margin and lack of disputes.