Counterparty Concentration Risk in GPT Offer Platforms: An Exposure-Cap Framework for Publishers
Many GPT offer publishers think they are diversified because they run multiple offers.
Operationally, many are not diversified at all.
They still depend on one or two counterparties for most realized cash. When that concentration goes unmeasured, a single payout delay, policy change, or account event can damage liquidity faster than dashboard metrics suggest.
This is a portfolio construction problem, not just an optimization problem.
If you run traffic, pay creators, or carry fixed costs, you need an explicit counterparty concentration framework with hard limits and predefined response rules.
This guide provides one you can use immediately.