Penalty Game! is a Normal Trap Card.
Trap Cards are normally Set first and can be activated on a later turn, often in response to an action.
On the current TCG and OCG Forbidden & Limited lists tracked here, Penalty Game! is Unlimited.
YGOPRODeck lists Penalty Game! for these formats: GOAT, OCG GOAT, Common Charity, Edison, TCG, OCG, Master Duel.
A listed print of Penalty Game! appears in Dark Revelation Volume 3 (DR3-EN171) at Rare rarity.
Among markets shown on this page, the lowest listed snapshot for Penalty Game! is about $0.32 on TCGPlayer (prices change frequently).
