Peloton glass is (usually??) made with thin strips of single-coloured glass applied to the outer surface, not with lengths of cane that show a colour coating over a white (opal) inner core. Also, Peloton glass is mostly of a more delicate appearance than this item.
This could be seen as a modern version of the old Peloton ware, but I tend to agree with Anita that "scramble" would be a better description.