It's possible to run 32-bit Windows binaries with Rosetta 2 and WINE, but I don't know if there is any good DirectX 9 to Metal wrapper yet. Probably DXMT will implement it in the future: https://github.com/3Shain/dxmt
I have heard of Rosetta not implementing the entire instruction set, and games being one of the most affected kinds of software, most of them crashing due to illegal instructions.