THIS IS SOLVED. Apparently HDR messes with this setting. If anyone else has this problem, turn off HDR.
So, I have been using Bandicam for quite some time now (2 years), but recently I have been having this problem with the video brightness being abnormally high. Its like- 500% brightness, and I cant figure out the reason why.
I linked two photos, one of the brightness issue being viewed in VLC, and the second showing what format I am using to record videos.
Current Version I am using: Bandicam 2024 v7.0.1.2132
(Sorry if this post is not informative enough, this is literally my first post on a forum type website... EVER.)