Here is a codesandbox to reproduce the issue.
The TypeText is not being accepted, but the SimplePaletteColorOptions is working. It’s the same thing, I don’t understand where I went wrong 😅
There was a problem with export from mui/styles. It was resolved here. So you just need to update @mui/material
Answered By – jellySWATy
Answer Checked By – Senaida (BugsFixing Volunteer)