Step 1

Press the Sauté button on the Instant Pot and heat oil. Add onion and bell pepper. Stir-fry 3–5 minutes until onions are translucent.

Step 2

Add remaining ingredients to pot and stir to combine. Press the Cancel button. Lock lid.

Step 3

Press the Manual or Pressure Cook button and adjust time to 25 minutes. When timer beeps, let pressure release naturally until float valve drops. Unlock lid.

Step 4

Ladle chili into bowls. Serve warm.