I'd like my calendar events to display as taks in todoist but It is not working.
Unfortunately, that's not possible. You can display your Todolist tasks in Outlook's Calendar with our iCal feed (in Todoist's Settings), but not the other way around - you can't import Outlook's Tasks or events into Todoist.
Will this feature be available in the future?
Although we continuously add new features and will do so for years to come, right now it's unlikely that we'll have an option to import tasks from Outlook's Calendar into Todoist.