No it does not. The Players Edition of the R&A rules defines a ball marker as:
“An artificial object when used to mark the spot of your ball to be lifted, such as a tee, a coin, an object made to be a ball-marker or another small piece of equipment.
However, there are equipment rules – 6.7 – Definition of Alignment Device and Treatment of Ball-Markers (Rule 4.3) – that set maximum size limits and dimensions on markers and their features so they conform to rules and are not considered to be alignment aids. The PuttBANDIT has been examined by the R&A and ruled to conform to the rules of golf.
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