First, turn your Instant Pot to the Sauté function, and add your olive oil, bell peppers, onion, and garlic. Sauté lightly for 2-3 minutes.
Add beans, corn, tomatoes, chili powder, cumin, coriander, cocoa powder, garlic powder, crushed red pepper, soy sauce, salt, and paprika.
Stir to combine, then close the lid. Cook on high for 4 minutes. Let the pressure naturally release for 5 minutes, then quick release.
Finally, serve the chili with toppings such as cheese, sour cream, yogurt, tomatoes, chiles, or green onions.