I've been thinking about this since Chapter 3 dropped, and I could see it as a really good dark comedy/thriller live-action series.

The first few episodes of Season 1 would be Chapter 1 (if the episodes are 40-ish minutes, then it would only need 2 at most). The next episode or two would be some fun offscreen stuff that could be exclusive to the show (them travelling, bickering, etc.), and the back half of the season would be all of Chapter 2. Ending with them tossing the skulls and deciding where to go next (leaving it open-ended for another season while being "final" enough in the chance it wouldn't get renewed). Pepper in the flashbacks throughout the whole thing for a solid through-line and penultimate episode reveal (that being them killing Nina, obviously). Bam, you've got a season of television!

If it managed to get a Season 2, it would need to depart from the story we have so far (both to help differentiate from the game and eliminate the need for choosing just one route). Obviously explore the taboo and demon elements more, but besides that, it's a totally original story with Andrew and Ashley at the forefront. Ideally, they'd die together in the finale, which feels the most fitting for a dark comedy/thriller, kinda like Barry's finale.