Why Do I Need to Provide My SSN When Registering for Betfred?

When registering for the Betfred US app, you will be required to provide your Social Security Number (SSN). The reason for this is that Betfred US is legally required to verify the identity of its customers to prevent fraudulent activity and comply with anti-money laundering regulations.

The SSN is a unique identifier assigned to US citizens and residents by the Social Security Administration. By providing your SSN, Betfred US can verify that you are who you say you are and confirm that you are legally authorized to use their services. This is an important part of their commitment to ensuring the safety and security of their customers.

In addition to verifying your identity, providing your SSN also allows Betfred US to comply with US tax laws. They are required to report certain winnings to the Internal Revenue Service (IRS) and provide them with the necessary information to ensure that taxes are paid on any winnings.

It is important to note that Betfred US takes customer privacy and data security very seriously. They use advanced encryption and security measures to protect your personal information and ensure that it is not shared with third parties without your consent.