Is Protection Racket legal in Standard, Modern, and Commander?

Protection Racket is legal in: Legacy, Vintage, Commander.

Protection Racket

Q: What type of card is Protection Racket?

Protection Racket is an Enchantment. Its oracle text reads: "At the beginning of your upkeep, repeat the following process for each opponent in turn order. Reveal the top card of your library. That player may pay life equal to that card's mana value. If they do, exile that card. Otherwise, put it into your hand."

Enchantment

At the beginning of your upkeep, repeat the following process for each opponent in turn order. Reveal the top card of your library. That player may pay life equal to that card's mana value. If they do, exile that card. Otherwise, put it into your hand.

Set New Capenna Commander

Rarity Rare

Mana Value 3

Artist Ernanda Souza

Collector # 39

Scryfall