Flatfining after 2.02 - REDprelauncher does not recognize that I own Phamtom Liberty

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After 2.02 REDprelauncher has gone back to suggesting I buy Phantom Liberty even though Steam shows that I have it in my library. Does not matter whether I enable mods or not. Verifying files though Steam did nothing. Attempting to start the game flatlines prior to running the opening video.
 
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