Sorry for the issue. It can be a compatibility issue with the GPU driver.
To corner the issue, change the renderer in project settings to Software only and see if it fixes the issue.
Here are the steps: FAQ: How to change the Video Renderer in Premiere Pro?
Please let us know the status.
1 person found this helpful
Trashing preferences might do the trick.
If not make a new project and import this one.
See how that goes.
Please let us know if you were able to solve the preview issue you were facing with Premiere Pro.