You can only run the arm windows version via virtual machines. The problem is that one, windows on arm is not very well optimized yet in general and two, most windows applications are not made natively for arm. Hence, microsoft built a translation layer similar to Apple’s rosetta. However, that costs even more performance because the OS is virtualized already. Nevertheless, it runs surprisingly well on Parallels, even with a few games. VMware fusion is free for personal use but not quite as performant as parallels. All in all I don’t recommend using Windows on Apple silicon hardware right now if you can avoid it. It’s not the best experience.