This spinning top is made for playing known game Scissors Rock Paper with the modification that the choice might be decided by the spinning top when it stops.
It is the word choosen by the spinning top which is between the arrows pointing down.
Note that the 3 pigs, right under the arrows, are providing clearity of choice as the top spinner will avoid to stop in between position.
The idea is that two person can play simultanously each with own spinning top.