Is Whim of Volrath legal in Standard, Modern, and Commander?

Whim of Volrath is legal in: Legacy, Vintage, Commander.

Whim of Volrath

Q: What type of card is Whim of Volrath?

Whim of Volrath is an Instant. Its oracle text reads: "Buyback {2} (You may pay an additional {2} as you cast this spell. If you do, put this card into your hand as it resolves.) Change the text of target permanent by replacing all instances of one color word with another or one basic land type with another until end of turn. (For example, you may change "nonred creature" to "nongreen creature" or "plainswalk" to "swampwalk.")"

Instant

Buyback (You may pay an additional as you cast this spell. If you do, put this card into your hand as it resolves.)

Change the text of target permanent by replacing all instances of one color word with another or one basic land type with another until end of turn. (For example, you may change "nonred creature" to "nongreen creature" or "plainswalk" to "swampwalk.")

Set Tempest

Rarity Rare

Mana Value 1

Artist Anthony S. Waters

Collector # 102

Scryfall