Presenter doesn't launch

Using an Alienware M15 R5 2021 with a Ryzen 7 5800H, Nvidia RTX 3070, 16GB memory, Windows 10 Pro 21H2.

Broadcaster runs, but Presenter fails to launch every time. I see a brief flicker of an hourglass, but launching from the start menu does nothing.

I’ve tried running as admin - same result. Launching the XsplitPresenter.exe from explorer does nothing. Launching from command line gives no diagnostic data.

I’ve check system logs, but no entries for Presenter are logged.