I am not sure of the rights, but this looks to be a knock off of the original "Spelling Bee" trick.
The same prop and the same colors.
Impromptu and Colorful Prediction by Pablo Amira and Titanas - Book
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MJM vs E & Penguin
MJMMagic VS Penguinmagic and Ellusionist.
MJM has been great for me to deal with. Always helpful and excellent customer service!