Balogun scored his third goal of the World Cup in the 2-0 win but was shown a red card in the second half for planting his boot into the ankle of Bosnia's Tarik Muharemovic, leaving the US to navigate the remainder of the knockout tie a man down.
The 25-year-old was sent off only after a VAR review, with US coach Mauricio Pochettino saying it was never a red card.
"In line with article 27 of the FIFA Disciplinary Code, the implementation of the match suspension is suspended for a probationary period of one year," FIFA said in a statement.
"If Folarin Balogun commits another infringement of a similar nature and gravity during the probationary period, the suspension shall be revoked and the sanction enforced without prejudice to any additional sanction imposed for the new infringement."
The judicial body has the discretion to fully or partially suspend the implementation of a disciplinary sanction.
"We accept the decision of the Disciplinary Committee and are pleased that Folarin Balogun is eligible to compete tomorrow," US Soccer said in a statement.
The Belgium team did not immediately comment on Balogun being available for the game in Seattle on Mondaythe game in Seattle on Monday.
Qatar midfielder Assim Madibo was handed a five-match ban after receiving a red card for a tackle that seriously injured Canada midfielder Ismael Kone during a group match at the tournament.
World Cup 2026
The 2026 World Cup will be held from June 11th to July 19th in the United States, Canada and Mexico. The tournament will feature 48 national teams and will be played in 16 modern stadiums.
Match schedule and times | Draw | England at the World Cup | How Mexico's Azteca may affect England | How to watch the World Cup | Predictions and odds
Watch the World Cup 2026 live on ITVX via Prime Video here - live coverage, highlights, and analysis.
