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Can you give this a go and see if it works?

1. Exit the Steam app entirely
2. Uninstall Paradox Launcher v2 from the Windows "Apps and features" utility, if still present.

Delete the following folders if still present:

- C:/users/<UserName>/AppData/Local/Programs/Paradox Interactive/
- C:/users/<UserName>/AppData/Local/Paradox Interactive/
- C:/users/<UserName>/AppData/Roaming/Paradox Interactive/launcher-v2/
To see the AppData folder you'll need to enable View Hidden Items in File Explorer.

3 Run steam.exe as the Windows Admin user
4. Run the game from the PLAY button in Steam
 
Does not work for me on 1.03 or 1.04

Does not work when launching victoria3.exe from binaries

Does not work before the launch updates or after

Any update @TinyWiking or anyone @Paradox?
Can you attach a DxDiag please?
  1. Click the Windows key (Start) button, type Run and press Enter.
  2. In the pop-up window, enter dxdiag and press Enter.
  3. The DirectX Diagnostic Tool will load. If there is a pop-up window asking about digital driver signing; click the answer for your machine.
  4. Click Save all information, then Save as.
  5. Click on Save (the file should be saved to your desktop as dxdiag.txt).
  6. Exit the DirectX Diagnostic tool.
  7. Attach this file here
Worth noting is that in your previous post you complained about the game using AVX which leads me to believe you have a processor that doesn't support this. The game requires AVX supported CPUs (as is evident in the requirements section for the game) and as far as I'm aware there are no plans to remove this.
 
Thank you kindly for the file! Your processor was discontinued in 2009, one or two years before Intel started with AVX so your processor will not be able to run Victoria 3. AVX is baked into the game (I think, I'm not a developer but this is my understanding) hence it's not possible to turn it off.