Using Premiere 25.1.0, build 73. (Mac Studio M1 Pro)
I have a 4k timeline, doing some Picture in Picture, with a presenter overtop their slides. I scaled the video to 50%. When I hit play, the video jumps to 100% size. When I try to move the position, the video jumps to 100% size. When playback stops, the video returns to it's smaller 50% size.
(On a whim I changed my playback resolution to 1/2, and the video stays the correct size. I changed ti to 1/4 and the video actually gets smaler when it plays.)