When registering for the Tipico app, you may be asked to provide your Social Security Number (SSN). This may seem like an unnecessary step, but there are actually several reasons why Tipico requires your SSN.
First, Tipico is required by law to verify your identity and age to ensure that you are eligible to use their platform. Providing your SSN is one way to do this, as it can help confirm your identity and prevent fraudulent activity.
Second, providing your SSN allows Tipico to comply with federal tax laws. If you win more than $600 in a calendar year, Tipico is required to report your winnings to the Internal Revenue Service (IRS). Providing your SSN allows Tipico to accurately report your winnings to the IRS and ensure that you are complying with tax laws.
Finally, providing your SSN can also help protect your account from unauthorized access. By verifying your identity with your SSN, Tipico can help ensure that only you have access to your account.
It’s important to note that Tipico takes the security of your personal information very seriously. They use advanced security measures to protect your data and comply with all relevant laws and regulations.
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