Stockholm-listed B2B fantasy sports provider Scout Gaming has entered the Brazilian market through an agreement with start-up operator Jogajà.

The agreement gives Jogajà full access to Scout Gaming’s fantasy sports platform, which is expected to launch in the market during the first half of 2019.

Jogajà is a new startup backed by Swedish venture capitalists with previous experience of working in Brazil. The operator has recruited a team with extensive gaming experience, led by Jacob Lindorff, who has worked for the likes of Expekt, Betway and Bonnier Gaming.

“Fantasy sports has experienced a strong global growth with US as a leading market,” said Lindorff. “The Brazilian sports betting market is the largest in South America therefore we see great potential for daily fantasy sports.

“Together with our partners, media companies and influencers, we will launch in the coming spring and have high ambitions for the product.”

Scout Gaming CEO Andreas Ternström added: “We continue to build our global network and are excited about entering South America. We are experiencing a global increasing interest in fantasy sports gradually.”

Shares in Scout Gaming Group AB (STO:SCOUT) were trading down 4.83 per cent at SEK27.60 per share in Stockholm Monday morning.