On February 20, 2011, Moroccan youth activists, inspired by protesters in Tunisia and Egypt, staged major demonstrations for democratic reform and “freedom and dignity for all Moroccans.” Avoiding the indecision and dramatic scenes of repression seen in other Arab capitals, Morocco’s King Mohammed VI responded rapidly with a televised address that acknowledged the protesters’ grievances and promised major constitutional reforms, including a stronger parliament, free and fair elections, and the protection of human rights. Following a national referendum on the king’s constitutional amendments and watershed elections that brought new leadership to power, what has the February 20th movement accomplished? Who has benefited from the protest movement? One year on, who are the winners and losers?