No. It is illegal.
VMS is right as to disqualification, but that doesn't mean the tire is legal. "When the top of the wear-bar indicator appears at two spots in a row on the tire (side-by-side or in the same groove - i.e. outside groove) OR the tread depth is 2/32” or less on any two (2) points in the tread (measured from the bottom of the groove, not at the top of the wear-bar) (“tread” will be defined as 6” across the tire, to be measured from the center 3” both ways), that tire will be confiscated, destroyed or drilled by the technical inspector. "
the tire is illegal because the wear bears are flat. HOWEVER, if this was the only tire like this, the proper result would be the Tech official drilliing the sidewall, but no DQ of the racer.