Yes? They're not using his likeness, they're using a parody.
Should Trump be compensated if they use a parody of him in a video game? E.g. should Trump profit from this game?
I can understand if they use an actual likeness, but a parody isn't an actual likeness, it's a new character that's a satirized version of an actual person, so their actions in game wouldn't be construed to match the actions of the satirized person. That's how parody works, and it's absolutely protected speech and doesn't require compensation.