Apple Colour Management in Premiere Pro

Why do my Premiere Pro renders come out completely washed-out and desaturated?

I have to apply a Gamma Compensation LUT to stop it happening, or, rather, to smash my video with a sledgehammer after I've spent hours on the colour grading.

Adobe blame Apple. I'm not convinced. Apple, who do you blame?

Why don't Apple and Adobe work together to at least offer a solution? A simple video gamma correction check box in System Settings or in the Premiere Pro settings would be hugely beneficial to so many people.

So now, a question - does Final Cut Pro suffer from the same issue? If not, why?

Also DaVinci Resolve. Does that render out washed out content like Premiere Pro or is that OK?

What's going on? The Mac Studio is supposed to be supremely optimized for this sort of stuff. I'm trying to track down whether or not this is an Adobe or an Apple issue. Any guidance appreciated.