diff --git a/CHANGELOG.md b/CHANGELOG.md
index 0a4d1d6..5d538f0 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -6,6 +6,18 @@ The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.1.0/).
 
 ## [Unreleased]
 
+### Added
+- **Affiliate product system** — "Wirecutter for padel" editorial affiliate cards embedded in articles via `[product:slug]` and `[product-group:category]` markers, baked at build time into static HTML. `/go/<slug>` click-tracking redirect (302, GDPR-compliant daily-rotated IP hash). Admin CRUD (`/admin/affiliate`) with live preview, inline status toggle, HTMX search/filter. Click stats dashboard (pure CSS bar chart, top products/articles/retailers). 10 German equipment review article scaffolds seeded.
+  - `web/src/padelnomics/migrations/versions/0026_affiliate_products.py`: `affiliate_products` + `affiliate_clicks` tables; `UNIQUE(slug, language)` constraint mirrors articles schema
+  - `web/src/padelnomics/affiliate.py`: `get_product()`, `get_products_by_category()`, `get_all_products()`, `log_click()`, `hash_ip()`, `get_click_stats()`, `get_click_counts()`, `get_distinct_retailers()`
+  - `web/src/padelnomics/content/routes.py`: `PRODUCT_RE`, `PRODUCT_GROUP_RE`, `bake_product_cards()` — chained after `bake_scenario_cards()` in `generate_articles()` and `preview_article()`
+  - `web/src/padelnomics/app.py`: `/go/<slug>` route with rate limiting (60/min per IP) and referer-based article/language extraction
+  - `web/src/padelnomics/admin/routes.py`: affiliate CRUD routes + `bake_product_cards()` chained in article rebuild flows
+  - New templates: `partials/product_card.html`, `partials/product_group.html`, `admin/affiliate_products.html`, `admin/affiliate_form.html`, `admin/affiliate_dashboard.html`, `admin/partials/affiliate_results.html`, `admin/partials/affiliate_row.html`
+  - `locales/en.json` + `locales/de.json`: 6 new affiliate i18n keys
+  - `data/content/articles/`: 10 new German equipment review scaffolds (rackets, balls, shoes, accessories, gifts)
+  - 26 tests in `web/tests/test_affiliate.py`
+
 ### Added
 - **Three-tier proxy system** for extraction pipeline: free (Webshare auto-fetched) → datacenter (`PROXY_URLS_DATACENTER`) → residential (`PROXY_URLS_RESIDENTIAL`). Webshare free proxies are now auto-fetched from their download API on each run — no more manually copying stale proxy lists.
   - `proxy.py`: added `fetch_webshare_proxies()` (stdlib urllib, bounded read + timeout), `load_proxy_tiers()` (assembles N tiers from env), generalised `make_tiered_cycler()` to accept `list[list[str]]` with N-level escalation. Exposes `is_exhausted()`, `active_tier_index()`, `tier_count()`.
diff --git a/PROJECT.md b/PROJECT.md
index 5eeaa01..9b1a226 100644
--- a/PROJECT.md
+++ b/PROJECT.md
@@ -1,7 +1,7 @@
 # Padelnomics — Project Tracker
 
 > Move tasks across columns as you work. Add new tasks at the top of the relevant column.
-> Last updated: 2026-02-27 (Phase 2b — EU NUTS-2 spatial join + US state income).
+> Last updated: 2026-02-28 (Affiliate product system — editorial gear cards + click tracking).
 
 ---
 
@@ -132,6 +132,7 @@
 - [x] **pSEO article noindex** — `noindex` column on articles (migration 0025), `NOINDEX_THRESHOLDS` per-template lambdas in `content/__init__.py`, robots meta tag in `article_detail.html`, sitemap exclusion, pSEO dashboard count card + article row badge; 20 tests
 - [x] **group_key static article grouping** — migration 0020 adds `group_key TEXT` column; `_sync_static_articles()` auto-upserts `data/content/articles/*.md` on admin page load; `_get_article_list_grouped()` groups by `COALESCE(group_key, url_path)` so EN/DE static cornerstones pair into one row
 - [x] **Email-gated report PDF** — `reports/` blueprint with email capture gate + PDF download; premium WeasyPrint PDF (full-bleed navy cover, Padelnomics wordmark watermark, gold/teal accents); `make report-pdf` target; EN + DE i18n (26 keys, native German); state-of-padel report moved to `data/content/reports/`
+- [x] **Affiliate product system** — "Wirecutter for padel" editorial gear cards embedded in articles via `[product:slug]` / `[product-group:category]` markers, baked at build time; `/go/<slug>` click-tracking redirect (302, GDPR daily-rotated IP hash, rate-limited); admin CRUD with live preview, HTMX filter/search, status toggle; click stats dashboard (pure CSS charts); 10 German equipment review article scaffolds; 26 tests
 
 ### SEO & Legal
 - [x] Sitemap (both language variants, `<lastmod>` on all entries)
@@ -243,7 +244,6 @@
 
 ### Marketing & Content
 - [ ] LinkedIn presence (ongoing — founder posts, thought leadership)
-- [ ] "Wirecutter for padel" affiliate site (racket reviews, gear guides)
 - [ ] "The Padel Business Report" newsletter
 - [ ] Equipment supplier affiliate partnerships (€500–1,000/lead or 5%)
 - [ ] Padel podcasts (guest appearances)
diff --git a/web/src/padelnomics/admin/routes.py b/web/src/padelnomics/admin/routes.py
index 5a927b8..2afb389 100644
--- a/web/src/padelnomics/admin/routes.py
+++ b/web/src/padelnomics/admin/routes.py
@@ -2499,7 +2499,12 @@ async def article_results():
 @csrf_protect
 async def article_new():
     """Create a manual article."""
-    from ..content.routes import BUILD_DIR, bake_product_cards, bake_scenario_cards, is_reserved_path
+    from ..content.routes import (
+        BUILD_DIR,
+        bake_product_cards,
+        bake_scenario_cards,
+        is_reserved_path,
+    )
 
     if request.method == "POST":
         form = await request.form
@@ -2562,7 +2567,12 @@ async def article_new():
 @csrf_protect
 async def article_edit(article_id: int):
     """Edit a manual article."""
-    from ..content.routes import BUILD_DIR, bake_product_cards, bake_scenario_cards, is_reserved_path
+    from ..content.routes import (
+        BUILD_DIR,
+        bake_product_cards,
+        bake_scenario_cards,
+        is_reserved_path,
+    )
 
     article = await fetch_one("SELECT * FROM articles WHERE id = ?", (article_id,))
     if not article:
@@ -3266,8 +3276,8 @@ def _form_to_product(form) -> dict:
 
     pros_raw = form.get("pros", "").strip()
     cons_raw = form.get("cons", "").strip()
-    pros = json.dumps([l.strip() for l in pros_raw.splitlines() if l.strip()])
-    cons = json.dumps([l.strip() for l in cons_raw.splitlines() if l.strip()])
+    pros = json.dumps([line.strip() for line in pros_raw.splitlines() if line.strip()])
+    cons = json.dumps([line.strip() for line in cons_raw.splitlines() if line.strip()])
 
     return {
         "slug": form.get("slug", "").strip(),
diff --git a/web/tests/test_affiliate.py b/web/tests/test_affiliate.py
new file mode 100644
index 0000000..b1e98a6
--- /dev/null
+++ b/web/tests/test_affiliate.py
@@ -0,0 +1,332 @@
+"""
+Tests for the affiliate product system.
+
+Covers: hash_ip determinism, product CRUD, bake_product_cards marker replacement,
+click redirect (302 + logged), rate limiting, inactive product 404, multi-retailer.
+"""
+import json
+from datetime import date
+from unittest.mock import patch
+
+import pytest
+from padelnomics.affiliate import (
+    get_all_products,
+    get_click_counts,
+    get_click_stats,
+    get_product,
+    get_products_by_category,
+    hash_ip,
+    log_click,
+)
+from padelnomics.content.routes import PRODUCT_GROUP_RE, PRODUCT_RE, bake_product_cards
+from padelnomics.core import execute, fetch_all
+
+# ── Helpers ────────────────────────────────────────────────────────────────────
+
+async def _insert_product(
+    slug="test-racket-amazon",
+    name="Test Racket",
+    brand="TestBrand",
+    category="racket",
+    retailer="Amazon",
+    affiliate_url="https://amazon.de/dp/TEST?tag=test-21",
+    status="active",
+    language="de",
+    price_cents=14999,
+    pros=None,
+    cons=None,
+    sort_order=0,
+) -> int:
+    """Insert an affiliate product, return its id."""
+    return await execute(
+        """INSERT INTO affiliate_products
+           (slug, name, brand, category, retailer, affiliate_url,
+            price_cents, currency, status, language, pros, cons, sort_order)
+           VALUES (?, ?, ?, ?, ?, ?, ?, 'EUR', ?, ?, ?, ?, ?)""",
+        (
+            slug, name, brand, category, retailer, affiliate_url,
+            price_cents, status, language,
+            json.dumps(pros or ["Gut"]),
+            json.dumps(cons or ["Teuer"]),
+            sort_order,
+        ),
+    )
+
+
+# ── hash_ip ────────────────────────────────────────────────────────────────────
+
+def test_hash_ip_deterministic():
+    """Same IP + same day → same hash."""
+    h1 = hash_ip("1.2.3.4")
+    h2 = hash_ip("1.2.3.4")
+    assert h1 == h2
+    assert len(h1) == 64  # SHA256 hex digest
+
+
+def test_hash_ip_different_ips_differ():
+    """Different IPs → different hashes."""
+    assert hash_ip("1.2.3.4") != hash_ip("5.6.7.8")
+
+
+def test_hash_ip_rotates_daily():
+    """Different days → different hashes for same IP (GDPR daily rotation)."""
+    with patch("padelnomics.affiliate.date") as mock_date:
+        mock_date.today.return_value = date(2026, 2, 1)
+        h1 = hash_ip("1.2.3.4")
+        mock_date.today.return_value = date(2026, 2, 2)
+        h2 = hash_ip("1.2.3.4")
+    assert h1 != h2
+
+
+# ── get_product ────────────────────────────────────────────────────────────────
+
+@pytest.mark.usefixtures("db")
+async def test_get_product_active_by_lang(db):
+    """get_product returns active product for correct language."""
+    await _insert_product(slug="vertex-amazon", language="de", status="active")
+    product = await get_product("vertex-amazon", "de")
+    assert product is not None
+    assert product["slug"] == "vertex-amazon"
+    assert isinstance(product["pros"], list)
+
+
+@pytest.mark.usefixtures("db")
+async def test_get_product_draft_returns_none(db):
+    """Draft products are not returned."""
+    await _insert_product(slug="vertex-draft", status="draft")
+    product = await get_product("vertex-draft", "de")
+    assert product is None
+
+
+@pytest.mark.usefixtures("db")
+async def test_get_product_lang_fallback(db):
+    """Falls back to any language when no match for requested lang."""
+    await _insert_product(slug="vertex-de-only", language="de", status="active")
+    # Request EN but only DE exists — should fall back
+    product = await get_product("vertex-de-only", "en")
+    assert product is not None
+    assert product["language"] == "de"
+
+
+@pytest.mark.usefixtures("db")
+async def test_get_product_not_found(db):
+    """Returns None for unknown slug."""
+    product = await get_product("nonexistent-slug", "de")
+    assert product is None
+
+
+# ── get_products_by_category ───────────────────────────────────────────────────
+
+@pytest.mark.usefixtures("db")
+async def test_get_products_by_category_sorted(db):
+    """Returns products sorted by sort_order."""
+    await _insert_product(slug="racket-b", name="Racket B", sort_order=2)
+    await _insert_product(slug="racket-a", name="Racket A", sort_order=1)
+    products = await get_products_by_category("racket", "de")
+    assert len(products) == 2
+    assert products[0]["sort_order"] == 1
+    assert products[1]["sort_order"] == 2
+
+
+@pytest.mark.usefixtures("db")
+async def test_get_products_by_category_inactive_excluded(db):
+    """Draft and archived products are excluded."""
+    await _insert_product(slug="racket-draft", status="draft")
+    await _insert_product(slug="racket-archived", status="archived")
+    products = await get_products_by_category("racket", "de")
+    assert products == []
+
+
+# ── get_all_products ───────────────────────────────────────────────────────────
+
+@pytest.mark.usefixtures("db")
+async def test_get_all_products_no_filter(db):
+    """Returns all products regardless of status."""
+    await _insert_product(slug="p1", status="active")
+    await _insert_product(slug="p2", status="draft")
+    products = await get_all_products()
+    assert len(products) == 2
+
+
+@pytest.mark.usefixtures("db")
+async def test_get_all_products_status_filter(db):
+    """Status filter returns only matching rows."""
+    await _insert_product(slug="p-active", status="active")
+    await _insert_product(slug="p-draft", status="draft")
+    active = await get_all_products(status="active")
+    assert len(active) == 1
+    assert active[0]["slug"] == "p-active"
+
+
+# ── log_click + get_click_counts ──────────────────────────────────────────────
+
+@pytest.mark.usefixtures("db")
+async def test_log_click_inserts_row(db):
+    """log_click inserts a row into affiliate_clicks."""
+    product_id = await _insert_product(slug="clickable")
+    await log_click(product_id, "1.2.3.4", "beste-padelschlaeger", "https://example.com/de/blog/test")
+    rows = await fetch_all("SELECT * FROM affiliate_clicks WHERE product_id = ?", (product_id,))
+    assert len(rows) == 1
+    assert rows[0]["article_slug"] == "beste-padelschlaeger"
+    # IP hash must not be the raw IP
+    assert rows[0]["ip_hash"] != "1.2.3.4"
+
+
+@pytest.mark.usefixtures("db")
+async def test_get_click_counts(db):
+    """get_click_counts returns dict of product_id → count."""
+    pid = await _insert_product(slug="tracked-product")
+    await log_click(pid, "1.2.3.4", None, None)
+    await log_click(pid, "5.6.7.8", None, None)
+    counts = await get_click_counts()
+    assert counts.get(pid) == 2
+
+
+# ── get_click_stats ────────────────────────────────────────────────────────────
+
+@pytest.mark.usefixtures("db")
+async def test_get_click_stats_structure(db):
+    """get_click_stats returns expected keys."""
+    stats = await get_click_stats(days_count=30)
+    assert "total_clicks" in stats
+    assert "top_products" in stats
+    assert "daily_bars" in stats
+    assert "by_retailer" in stats
+
+
+# ── bake_product_cards ────────────────────────────────────────────────────────
+
+@pytest.mark.usefixtures("db")
+async def test_bake_product_cards_replaces_marker(db):
+    """[product:slug] marker is replaced with rendered HTML."""
+    await _insert_product(slug="vertex-04-amazon", name="Bullpadel Vertex 04", status="active")
+    html = "<p>Intro</p>\n[product:vertex-04-amazon]\n<p>Outro</p>"
+    result = await bake_product_cards(html, lang="de")
+    assert "[product:vertex-04-amazon]" not in result
+    assert "Bullpadel Vertex 04" in result
+    assert "/go/vertex-04-amazon" in result
+    assert "sponsored" in result
+
+
+@pytest.mark.usefixtures("db")
+async def test_bake_product_cards_missing_slug_passthrough(db):
+    """Unknown slugs pass through unchanged — no product card rendered."""
+    html = "<p>Text</p>\n[product:nonexistent-slug]\n<p>End</p>"
+    result = await bake_product_cards(html, lang="de")
+    # Surrounding content is intact; no product HTML injected
+    assert "<p>Text</p>" in result
+    assert "<p>End</p>" in result
+    assert "<article" not in result  # no product card rendered
+
+
+@pytest.mark.usefixtures("db")
+async def test_bake_product_cards_group_marker(db):
+    """[product-group:category] renders a grid of products."""
+    await _insert_product(slug="shoe-1-amazon", name="Test Shoe", category="shoe", status="active")
+    html = "<h2>Shoes</h2>\n[product-group:shoe]\n<p>End</p>"
+    result = await bake_product_cards(html, lang="de")
+    assert "[product-group:shoe]" not in result
+    assert "Test Shoe" in result
+
+
+@pytest.mark.usefixtures("db")
+async def test_bake_product_cards_no_markers(db):
+    """HTML without markers is returned unchanged."""
+    html = "<p>No markers here.</p>"
+    result = await bake_product_cards(html, lang="de")
+    assert result == html
+
+
+@pytest.mark.usefixtures("db")
+async def test_bake_product_cards_draft_not_shown(db):
+    """Draft products are not baked into articles."""
+    await _insert_product(slug="draft-product", name="Draft Product", status="draft")
+    html = "[product:draft-product]"
+    result = await bake_product_cards(html, lang="de")
+    assert "Draft Product" not in result
+
+
+# ── regex patterns ─────────────────────────────────────────────────────────────
+
+def test_product_re_matches():
+    """PRODUCT_RE matches valid [product:slug] markers."""
+    assert PRODUCT_RE.match("[product:bullpadel-vertex-04-amazon]")
+    assert PRODUCT_RE.match("[product:test-123]")
+
+
+def test_product_group_re_matches():
+    """PRODUCT_GROUP_RE matches valid [product-group:category] markers."""
+    assert PRODUCT_GROUP_RE.match("[product-group:racket]")
+    assert PRODUCT_GROUP_RE.match("[product-group:shoe]")
+
+
+# ── multi-retailer ────────────────────────────────────────────────────────────
+
+@pytest.mark.usefixtures("db")
+async def test_multi_retailer_same_slug_different_lang(db):
+    """Same slug can exist in DE and EN with different affiliate URLs."""
+    await _insert_product(
+        slug="vertex-04", language="de",
+        affiliate_url="https://amazon.de/dp/TEST?tag=de-21",
+    )
+    await execute(
+        """INSERT INTO affiliate_products
+           (slug, name, brand, category, retailer, affiliate_url,
+            price_cents, currency, status, language, pros, cons, sort_order)
+           VALUES (?, ?, ?, ?, ?, ?, ?, 'EUR', ?, ?, ?, ?, ?)""",
+        (
+            "vertex-04", "Test Racket EN", "TestBrand", "racket", "Amazon UK",
+            "https://amazon.co.uk/dp/TEST?tag=en-21",
+            14999, "active", "en", "[]", "[]", 0,
+        ),
+    )
+    de_product = await get_product("vertex-04", "de")
+    en_product = await get_product("vertex-04", "en")
+    assert de_product is not None
+    assert en_product is not None
+    assert de_product["affiliate_url"] != en_product["affiliate_url"]
+    assert "amazon.de" in de_product["affiliate_url"]
+    assert "amazon.co.uk" in en_product["affiliate_url"]
+
+
+# ── click redirect (e2e via Quart test client) ────────────────────────────────
+
+@pytest.mark.usefixtures("db")
+async def test_affiliate_redirect_302(app, db):
+    """GET /go/<slug> redirects to affiliate_url with 302."""
+    await _insert_product(slug="redirect-test", affiliate_url="https://amazon.de/dp/XYZ?tag=test-21")
+    async with app.test_client() as client:
+        response = await client.get("/go/redirect-test")
+    assert response.status_code == 302
+    assert "amazon.de" in response.headers.get("Location", "")
+
+
+@pytest.mark.usefixtures("db")
+async def test_affiliate_redirect_logs_click(app, db):
+    """Successful redirect logs a click in affiliate_clicks."""
+    pid = await _insert_product(slug="logged-test", affiliate_url="https://amazon.de/dp/LOG?tag=test-21")
+    async with app.test_client() as client:
+        await client.get(
+            "/go/logged-test",
+            headers={"Referer": "https://padelnomics.io/de/beste-padelschlaeger-2026"},
+        )
+    rows = await fetch_all("SELECT * FROM affiliate_clicks WHERE product_id = ?", (pid,))
+    assert len(rows) == 1
+    assert rows[0]["article_slug"] == "beste-padelschlaeger-2026"
+
+
+@pytest.mark.usefixtures("db")
+async def test_affiliate_redirect_inactive_404(app, db):
+    """Draft products return 404 on /go/<slug>."""
+    await _insert_product(slug="inactive-test", status="draft")
+    async with app.test_client() as client:
+        response = await client.get("/go/inactive-test")
+    assert response.status_code == 404
+
+
+@pytest.mark.usefixtures("db")
+async def test_affiliate_redirect_unknown_404(app, db):
+    """Unknown slug returns 404."""
+    async with app.test_client() as client:
+        response = await client.get("/go/totally-unknown-xyz")
+    assert response.status_code == 404