@herf I'm having the same issue, with this driver info:
DisplayLink 11.2.3146.0: DisplayLink USB Device (20230926)
DisplayLink 11.2.3146.0: DisplayLink USB Device (20230926)
DisplayLink 11.2.3146.0: DisplayLink USB Device (20230926)
DisplayLink 11.2.3146.0: DisplayLink USB Device (20230926)
Advanced Micro Devices, Inc. 31.0.21024.5: AMD Radeon (TM) Graphics (20230718)
Generic PnP Monitor, 527 x 296mm, built 2022
Chromaticities:
R=0.652344 0.335938
G=0.321289 0.610352
B=0.153320 0.060547
W=0.313477 0.329102
sRGB gamut: 86%, AdobeRGB gamut: 60%
Generic PnP Monitor, 345 x 215mm, built 2021
Chromaticities:
R=0.594727 0.370117
G=0.363281 0.552734
B=0.155273 0.102539
W=0.313477 0.329102
sRGB gamut: 51%, AdobeRGB gamut: 34%
Generic PnP Monitor, 527 x 296mm, built 2022
Chromaticities:
R=0.652344 0.335938
G=0.321289 0.610352
B=0.153320 0.060547
W=0.313477 0.329102
sRGB gamut: 86%, AdobeRGB gamut: 60%
Unlimited gamma ramp=1, Internal ramp=0
Monitor 1 on AMD Radeon (TM) Graphics
Has VCGT profile=0, Gamma Ramp works=1
Monitor 2 on DisplayLink USB Device
Has VCGT profile=0, Gamma Ramp works=0
Monitor 3 on DisplayLink USB Device
Has VCGT profile=0, Gamma Ramp works=0
Windows Build: 19045.3930
On my laptop's built-in display, the extra effects work, but not on the external monitors.