It’s worked for me every year till this one.
This years is different, but yeah the terms show:
Users need to have a registered PSN account in their region, be age 18 years or over, have played games on a PS4 or PS5 console for at least 10 hours between January 1, 2021 and December 31, 2021. Users who have not consented to the collection of “Full Data” from their PlayStation 5 system settings, may be unable to participate in the Wrap-Up campaign.
Users located in Europe, the Middle East, Africa, Australasia, India, and Russia, who have not consented to the collection of “Additional Data” from their PlayStation 4 system settings, may be unable to participate in the Wrap-Up campaign.