https://bugs.winehq.org/show_bug.cgi?id=56441
--- Comment #15 from Brendan Shanks bshanks@codeweavers.com --- Created attachment 76358 --> https://bugs.winehq.org/attachment.cgi?id=76358 Patch to ignore FNDISI
I tested this out, and it is a Rosetta bug (the undocumented FNDISI instruction is triggering an illegal instruction exception). I filed this as a bug with Apple. In the meantime, here's a simple patch to ignore the exception. With this, I was able to launch the app.
You'll need to build Wine from source, which can be tricky on Apple Silicon. You will need to install an Intel copy of Homebrew (separate from your ARM one), to get x86 versions of freetype, bison, maybe pkg-config for Wine to use. Running 'arch -x86_64 $SHELL' will start an emulated shell, then you can install Homebrew normally, it will install into /usr/local.
It's also easiest to build Wine from an emulated shell, you will need to make sure that the x86 Wine build doesn't try to use the ARM Homebrew libraries. Removing any '/opt/homebrew' directories from PATH should ensure that.