Is Desperate Gambit legal in Standard, Modern, and Commander?

Desperate Gambit is legal in: Legacy, Vintage, Commander.

Desperate Gambit

Q: What type of card is Desperate Gambit?

Desperate Gambit is an Instant. Its oracle text reads: "Choose a source you control and flip a coin. If you win the flip, the next time that source would deal damage this turn, it deals double that damage instead. If you lose the flip, the next time it would deal damage this turn, prevent that damage."

Instant

Choose a source you control and flip a coin. If you win the flip, the next time that source would deal damage this turn, it deals double that damage instead. If you lose the flip, the next time it would deal damage this turn, prevent that damage.

Set Weatherlight

Rarity Uncommon

Mana Value 1

Artist Pete Venters

Collector # 96

Scryfall Gatherer