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.
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Add beans, corn, tomatoes, chili powder, cumin, coriander, cocoa powder, garlic powder, crushed red pepper, soy sauce, salt, and paprika.
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Stir to combine, then close the lid. Cook on high for 4 minutes. Let the pressure naturally release for 5 minutes, then quick release.
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Finally, serve the chili with toppings such as cheese, sour cream, yogurt, tomatoes, chiles, or green onions.
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