Is Inevitable Betrayal legal in Standard, Modern, and Commander?

Inevitable Betrayal is legal in: Modern, Legacy, Vintage, Commander.

Inevitable Betrayal

Q: What type of card is Inevitable Betrayal?

Inevitable Betrayal is a Sorcery. Its oracle text reads: "Suspend 3—{1}{U}{U} (Rather than cast this card from your hand, pay {1}{U}{U} and exile it with three time counters on it. At the beginning of your upkeep, remove a time counter. When the last is removed, you may cast it without paying its mana cost.) Search target opponent's library for a creature card and put that card onto the battlefield under your control. Then that player shuffles."

Sorcery

Suspend 3— (Rather than cast this card from your hand, pay and exile it with three time counters on it. At the beginning of your upkeep, remove a time counter. When the last is removed, you may cast it without paying its mana cost.)