Is Iterative Analysis legal in Standard, Modern, and Commander?

Iterative Analysis is legal in: no major formats. It is banned in: Legacy, Vintage, Commander.

Iterative Analysis

Q: What type of card is Iterative Analysis?

Iterative Analysis is a Conspiracy. Its oracle text reads: "Hidden agenda (Start the game with this conspiracy face down in the command zone and secretly choose a card name. You may turn this conspiracy face up any time and reveal that name.) Whenever you cast an instant or sorcery spell with the chosen name, you may draw a card."

Conspiracy

Hidden agenda (Start the game with this conspiracy face down in the command zone and secretly choose a card name. You may turn this conspiracy face up any time and reveal that name.)

Whenever you cast an instant or sorcery spell with the chosen name, you may draw a card.

Set Conspiracy

Rarity Uncommon

Artist Winona Nelson

Collector # 6

Scryfall Gatherer