Apple Silicon Macs – like yours – cannot run Intel versions of Windows. The only version of Windows that you can install is Windows 11 for ARM.
Boot Camp is not an option. Neither Apple or Microsoft supports installing Windows 11 for ARM as a dual-boot OS. You can only install Windows 11 for ARM inside a virtual machine, such as a Parallels Desktop virtual machine.
Windows 11 for ARM can run some Windows/Intel applications in emulation, with limitations. You would be running these applications in emulation, inside of a copy of Windows 11 for ARM that itself was running in a virtual machine. Note that "Experiences that depend on an additional layer of virtualization (nested virtualization) aren't supported"; I'm not sure if that might mean that running Xbox games is not supported.
Microsoft Support – Options for using Windows 11 with Mac® computers with Apple® M1®, M2™, and M3™ chips