Apparently all forum posts that attempt fixing this issue are meant for 32 bit systems. Going through the link posted on these forum answers will direct you to downloading the 32bit program
I'm running on 64 bit and there was a problem on the 64 bit version of Microsoft .NET Framework 4.6.2. So I repaired the 64 bit redistributable from control panel and restarted the computer and the launcher now works. Thank you @BL4CK$K1LL for attempting to help resolve this however.
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pacmanarea51's post in Connection error issue with launcher was marked as the answer