Is Peer into the Abyss legal in Standard, Modern, and Commander?

Peer into the Abyss is legal in: Modern, Pioneer, Legacy, Vintage, Commander, Historic.

Peer into the Abyss

Q: What type of card is Peer into the Abyss?

Peer into the Abyss is a Sorcery. Its oracle text reads: "Target player draws cards equal to half the number of cards in their library and loses half their life. Round up each time. *"Oh, don't be so dramatic. When your eyes bleed, and your brain leaks out your ears, then we'll talk about lost sanity." —Braids, dementia summoner*"