01 - Heat a large pot or Dutch oven over medium-high heat. Add ground beef and cook, breaking it apart with a spoon, until browned and fully cooked. Drain excess fat if needed.
02 - Add diced onion, minced garlic, diced bell pepper, and chopped jalapeño to the pot. Cook for 4 to 5 minutes until vegetables soften.
03 - Stir in chili powder, cumin, smoked paprika, oregano, salt, black pepper, and cayenne pepper. Cook for 1 minute, stirring, until fragrant.
04 - Mix in the tomato paste thoroughly with the vegetable and spice mixture.
05 - Pour in crushed tomatoes and beef broth, stirring to combine.
06 - Add kidney beans and black beans to the pot and stir well.
07 - Bring mixture to a simmer, then reduce heat to low. Cover and cook for 30 minutes, stirring occasionally.
08 - Taste and adjust salt or spices as preferred.
09 - Ladle chili into bowls and garnish with shredded cheddar cheese, chopped cilantro or green onions, and sour cream if desired.