From AppleGamingWiki, the wiki about gaming on M1 Apple silicon Macs

macOS Compatibility

Virtualization Rating Notes
Parallels Runs Very prone to crashing in the beta, not stable enough for multiplayer yet.[1]
  1. Verified by User:Andytizer on 2021-07-28
    Device: MacBook Air M1 2020
    OS: macOS 11.5
    Method: Parallels 16.5.1, Windows 10 ARM Build 21390
    Game version: Beta
    Resolution: 1920x1080
    Settings: Medium/Epic
    Framerate: 50 FPS