Is Protective Sphere legal in Standard, Modern, and Commander?

Protective Sphere is legal in: Legacy, Vintage, Commander, Pauper.

Protective Sphere

Q: What type of card is Protective Sphere?

Protective Sphere is an Enchantment. Its oracle text reads: "{1}, Pay 1 life: Prevent all damage that would be dealt to you this turn by a source of your choice that shares a color with the mana spent on this activation cost. (Colorless mana prevents no damage.)"

Enchantment

, Pay 1 life: Prevent all damage that would be dealt to you this turn by a source of your choice that shares a color with the mana spent on this activation cost. (Colorless mana prevents no damage.)