I'm experiencing this issue, too. I am using a MacBook Pro with M1 Pro on MacOS Sequoia (15 and now 15.1). I uninstalled the DisplayLink software using the uninstaller found in /Applications and then reinstalled 1.11.0 (Build 28), which is the latest version as of this post.
The fun part is that the interface is still clickable, it just isn't visible. So, when presenting a screen with a maximized browser and many tabs open, I can try to click a tab near the top-center of the screen, but mistakenly mute myself or stop sharing or even turn on my webcam, which could be embarrassing to say the least.
I have three monitors set up -- one connected via HDMI and two connected to a Targus USB-C dock that are controlled by DisplayLink. When I share the HDMI screen, I can see the red box around the screen and the Teams presenter HUD. When I share one of the DisplayLink screens, I can't see any of the presenter HUD. Very frustrating, as I thought this was fixed for a short period prior to Sequoia.
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