Shine Palace is a Equip Spell Card.
Spell Cards are usually activated from the hand on your turn unless their type gives another timing window.
On the current TCG and OCG Forbidden & Limited lists tracked here, Shine Palace is Unlimited.
YGOPRODeck lists Shine Palace for these formats: OCG GOAT, Duel Links, Edison, TCG, OCG, Master Duel.
A listed print of Shine Palace appears in Stardust Overdrive (SOVR-EN091) at Rare rarity.
Among markets shown on this page, the lowest listed snapshot for Shine Palace is about $0.85 on Cardmarket (prices change frequently).
