Problems syncing workouts from Peloton to Apple Watch

My Peloton workouts show up in health app, but not showing the rides as workout minutes on my watch or Activity app

When I click on the Peloton app on my watch it simply says to start a workout on my phone. What about workouts started on the bike itself? I would think they would sync up through the Health app, and after an hour or so the rides are listed under Health, but are not translated into workout minutes on the Activity app.

Hope this makes sense- I bought the watch thinking these things would be more seamless- previously had a first gen watch and had to start Peloton rides with a simultaneous 'indoor cycle' workout on the watch.

Motion and Fitness are toggled on everywhere and location services on.

Thanks for any ideas!