Péter Magyar's Tisza party secured a supermajority in Hungary's April 12, 2026, parliamentary election, ousting Viktor Orbán's Fidesz after 16 years in power, with Orbán conceding defeat that night and relinquishing his parliamentary seat on April 25. Magyar was sworn in as prime minister today, May 9, formalizing the transition and confirming Orbán's exit from the premiership well before the December 31 deadline. Trader consensus at 100% Yes reflects this irreversible shift, driven by voter backlash against Fidesz amid economic woes and EU tensions. While Tisza's two-thirds National Assembly majority ensures stability, remote scenarios like successful constitutional challenges or snap no-confidence votes could theoretically alter the outcome.