We were gifted the Baby Bed Pal (https://babybedpal.com/?srsltid=AfmBOoqxRihHlP4uK2WfC_cCCmiXURx0EVBw9ZjWS3OpC-0vUgKMVyUp) for our newborn. Is this a safe product for newborns to sleep in as they claim? Or should we not use this product?

Red Nose does not have any information about this specific product, however we do recommend you avoid any soft, padded sleep environments.
Red Nose recommends that baby is placed for sleep in their own safe environment, usually a cot or a bassinet, on a firm, well-fitting & flat (not elevated) sleep surface.
Any product that has soft padded sides that are “soft, warm & cosy” does not align with Red Nose recommendations.
https://rednose.org.au/article/red-nose-safe-sleeping-recommendations