Orban admitted an "honest defeat" and vowed to continue serving the people. But that is the least interesting part of the day after the elections. Hungary temporarily banned news on state media. Shares of 4iG — a company close to Orban — dropped 17% in a single day.

"This was an honest defeat," Orban declared, adding that his party FIDESZ will continue working. The framing around "honest" defeat is rich — coming from a leader whose opposition accused him of abusing "the entire state apparatus and hundreds of billions for a campaign built on lies."

State media — lights out

Hungary took a decision that surprised many: temporarily halting news on state media. In a country where the media space was systematically controlled, this is both symbolic and practical — cutting off the propaganda machine before power changes hands.

And 4iG? The telecom giant tied to Orban's inner circle saw a 17% stock crash in a single day. When a regime falls, the companies that fed off it fall too. The market does not lie.