all ultimatum cards mtg Magic The Gathering - Outlaws of Thunder Junction - Breaking News then loses 5 life MTGNexus - Ruinous Ultimatum

This is because Zvi Mowshowitz (who has broken more engine cards than any other player in Magic history) built a deck around the Bargain that was so degenerate it was preemptively banned in Extended

The biggest reason On the Trail is spiking is that it's a solid inclusion for Ms

Its still a good card though, and it plays well with evasion-granting equipment like Dragoon's Lance

If that permanent was the first spell you cast that turn, the next spell you cast that turn is your second spell

That leave you with only the regular artifacts in the set, and while there are a significant number, Im not sure there are going to be enough in your typical Blue deck to just have this work, since it is a completely useless card without other Artifacts

Compare that to popular Elves like Yeva, Nature's Herald (4983), Timberwatch Elf (1689), Ezuri, Renegade Leader (2019), and Edric, Spymaster of Trest (4362)