Coat the bottom of the instant pot with oil and turn on the sauté function on high. Once hot, add your diced onions, pepper, and garlic. Cook for about 3-5 minutes, until the onions are soft and translucent.

After, add your ground beef and stir to combine with the garlic, onions, and peppers. Cook the meat for about seven minutes, breaking it up as it cooks.

Once the meat is broken apart and has turned browned, add all your spices, bay leaves, tomato sauce, tomato paste, diced tomatoes, beef broth, and finally your black beans and kidney beans. Stir everything to combine.

Switch over to the pressure cook mode on the Instant Pot, close the pot with the lid and cook under high pressure for 15 minutes. Make sure that the vent valve is closed.

Once done cooking under high pressure, carefully release the pressure and open the lid. Stir the chili and serve! Top with your favorite toppings. I hope you enjoy!