Kickin' Instant Pot Chili

Ingredients

• 1 tablespoon (15 ml) olive oil
• 1 1/2 pounds (680 g) ground beef (80/20 blend recommended)
• 1 large yellow onion, chopped (approximately 1 cup)
• 2 cloves garlic, minced
• 1 green bell pepper, chopped (approximately 1 cup)
• 1 red bell pepper, chopped (approximately 1 cup)
• 1 (28 ounce / 794 g) can crushed tomatoes, undrained
• 1 (15 ounce / 425 g) can tomato sauce
• 1 (15 ounce / 425 g) can kidney beans, rinsed and drained (optional)
• 1 (15 ounce / 425 g) can black beans, rinsed and drained (optional)
• 1 cup (240 ml) beef broth
• 2 tablespoons chili powder
• 1 tablespoon ground cumin
• 1 teaspoon smoked paprika
• 1/2 teaspoon dried oregano
• 1/4 teaspoon cayenne pepper (adjust to taste)
• 1 teaspoon salt, or to taste
• 1/2 teaspoon black pepper, or to taste
• 2 Tablespoons brown sugar