Personal Use licenses for Fusion do not have an expiration period, but they will only work for the version they are designed.
For a Mac with an M chip, I only recommend using Fusion 13.5. The current key for v13 continues to function.
https://customerconnect.vmware.com/en/evalcenter?p=fusion-player-personal-13
Likely you have a Pro license (which is in Trial mode) that conflicts.
You can try trashing the license file and re-inputing the license in the Fusion UI.
The license file on the Mac is located in:
"/Library/Preferences/VMware Fusion/license-fusion-xxxxxxx"
Trash that when Fusion is quit, launch Fusion, then input the Player key into the Licensing UI.