Set the Instant Pot to Sauté. Add the ground beef and cook, breaking it apart as it browns, until no longer pink. Drain any excess grease.
Add the chopped onion, red bell pepper, minced garlic, salt, pepper, beef broth, crushed tomatoes, stewed tomatoes, drained kidney beans, chili powder, cayenne pepper, and cumin. Stir until well combined.
Secure the lid and set the valve to the Sealing position.
Cook on High Pressure for 10 minutes.
When the cooking time is complete, carefully perform a quick release.
Stir the chili well and adjust the seasoning to taste.
Serve warm topped with shredded cheddar cheese.
Video
Notes
Variation Ideas
Meat: Substitute ground turkey for the ground beef. For larger pieces of beef, use chuck roast or stew meat and adjust the cooking time as needed.Beans: Substitute pinto beans for the kidney beans or use a combination of both.Bell Peppers: Use green, yellow, or a combination of bell peppers in place of the red bell pepper.Tomatoes: For a richer tomato flavor, add tomato sauce along with the crushed and stewed tomatoes.Store leftover chili in an airtight container in the refrigerator.