Premiere Pro (Beta) [4031]cannot be opened on M1 MacBook

Process: Adobe Premiere Pro (Beta) [4031]
Path: /Applications/Adobe Premiere Pro (Beta)/Adobe Premiere Pro (Beta).app/Contents/MacOS/Adobe Premiere Pro (Beta)
Identifier: com.adobe.PremiereProBeta.14
Version: 14.9 (14.9)
Code Type: ARM-64 (Native)
Parent Process: ??? [1]
Responsible: Adobe Premiere Pro (Beta) [4031]
User ID: 501

Date/Time: 2021-01-17 15:09:12.109 +0800
OS Version: macOS 11.1 (20C69)
Report Version: 12
Anonymous UUID: F2F67B31-1986-4AEA-A20F-081B8462866E

Sleep/Wake UUID: C52EA173-2BE9-4B75-833F-C1E250909F9C

Time Awake Since Boot: 5800 seconds
Time Since Wake: 370 seconds

System Integrity Protection: enabled

Crashed Thread: 0 Dispatch queue: com.apple.main-thread

Exception Type: EXC_BAD_ACCESS (SIGSEGV)
Exception Codes: KERN_PROTECTION_FAILURE at 0x000000016f23fff8
Exception Note: EXC_CORPSE_NOTIFY

Termination Signal: Segmentation fault: 11
Termination Reason: Namespace SIGNAL, Code 0xb
Terminating Process: exc handler [4031]

VM Regions Near 0x16f23fff8:
MALLOC_MEDIUM (reserved) 158800000-160000000 [120.0M] rw-/rwx SM=NUL reserved VM address space (unallocated)
--> STACK GUARD 16ba3c000-16f240000 [ 56.0M] ---/rwx SM=NUL stack guard for thread 0
Stack 16f240000-16fa3c000 [ 8176K] rw-/rwx SM=ALI thread 0

=========== ======= =======
TOTAL 2.7G 3002
TOTAL, minus reserved VM space 2.0G 3002

Model: MacBookPro17,1, BootROM 6723.61.3, proc 8:4:4 processors, 16 GB, SMC
Graphics: kHW_AppleM1Item, Apple M1, spdisplays_builtin
Memory Module: lp_ddr4
AirPort: spairport_wireless_card_type_airport_extreme, wl0: Oct 20 2020 12:49:54 version 18.20.222.14.7.8.100 FWID 01-ba327c2d
Bluetooth: Version 8.0.2f9, 3 services, 27 devices, 1 incoming serial ports
Network Service: Wi-Fi, AirPort, en0
USB Device: USB 3.1 Bus
USB Device: USB 3.1 Bus
Thunderbolt Bus: MacBook Pro, Apple Inc., 0.0
Thunderbolt Bus: MacBook Pro, Apple Inc., 0.0