Is Perilous Snare legal in Standard, Modern, and Commander?

Perilous Snare is legal in: Standard, Modern, Pioneer, Legacy, Vintage, Commander, Historic.

Perilous Snare

Q: What type of card is Perilous Snare?

Perilous Snare is an Artifact. Its oracle text reads: "Start your engines! (If you have no speed, it starts at 1. It increases once on each of your turns when an opponent loses life. Max speed is 4.) When this artifact enters, exile target nonland permanent an opponent controls until this artifact leaves the battlefield. Max speed — {T}: Put a +1/+1 counter on target creature or Vehicle you control. Activate only as a sorcery."