Bola was involved in a confrontation with his own team-mate, Donervon Daniels, after Daniels complained that Bola did not head the ball clear with Blackpool under pressure.
Daniels himself will serve a ban, with his appeal against the charge of violent conduct was dismissed.
The decision means that Bola is available for matches against Luton and Peterborough, as well as an EFL Cup tie against QPR.
Bola has made six appearances in the league for Blackpool since joining from Arsenal on a permanent basis over the summer.