@sychn as per PM, here's a different way of doing what you are trying to achieve using this:
ACP -> Customization -> (Editor) Toolbars
Click 'Add Button', and go to the 'Custom' tab
Populate the fields as you wish, but adhere to the following specifics:
Enable 'Use option?'
Enter some text in the 'Option label' field (example: 'Link')
In the HTML field, enter the exact code from the codebox provided in this post
Click 'Save'
You will now have a new button in your "Buttons not on editor", which you can drag and drop around the available editors
On the front-end, click the button, paste the link into the provided dialog box field, and click OK
HTML:
<p>
<video controls="">
<source src="{option}">{option}
</video>
</p>
Please go to support in the top right of your Admin CP, then select "clear cache". Once you have done this check again. It looks like its simply a cache issue you have there