So I don't really want to create a whole new topic for this, but I am having the same issue.
The spellchecker works, just there is no auto correction or correct spelling suggestions when using Outlook via Opera web browser.
Opera One(version: 100.0.4815.76)
Update stream: Stable
System: Windows 10 64-bit
Chromium version: 114.0.5735.199
Any idea for a fix?