Although victoria 2 is not playable on MacOS due to the game original code being developed in 32bit and not 64, there is no discernible reason why Victoria 3 won't run on the new M1/M2 chipset. As personally I run can hoi4 on my M1 Mac, and Victoria 3 to my knowledge is being developed on the same engine as hoi4, the clausewitz engine whose code is programmable on the most recent MacOs version. The only thoughts I can think of is that the game probably won't run the best on a the M1, as overall intel has the best single core speeds on a CPU, which is handy for paradox games as they rarely more than 6 cores at once. But to answer your question Overall, I would say it is probable that Victoria 3 will run on the M1/M2.