Viktor Orbán's landslide defeat in Hungary's April 12, 2026, parliamentary election, where Péter Magyar's pro-EU Tisza party secured a two-thirds supermajority, has driven trader consensus to near-certainty that he is the next leader out of power before 2027. Orbán conceded the loss of his 16-year Fidesz-led government, resigned party leadership, relinquished his parliamentary seat on April 25, and watched Magyar sworn in as prime minister this week, confirming the power transition amid low economic growth and corruption scandals that eroded his support. With Tisza's dominant mandate enabling constitutional changes, reversal scenarios like successful legal challenges or snap elections appear improbable absent extraordinary developments.