01 - In a large pot or Dutch oven, cook the ground beef over medium-high heat, breaking it apart, until browned and fully cooked. Drain excess fat if needed.
02 - Add diced onion, garlic, bell pepper, and jalapeño to the pot. Sauté for 4 to 5 minutes until the vegetables soften.
03 - Stir in chili powder, cumin, smoked paprika, dried oregano, salt, black pepper, and cayenne pepper. Cook, stirring, for 1 minute until fragrant.
04 - Mix tomato paste into the pot until evenly distributed.
05 - Pour in crushed tomatoes and beef broth, stirring to combine.
06 - Add drained kidney and black beans, then bring the mixture to a simmer.
07 - Reduce heat to low, cover, and let simmer for 30 minutes, stirring occasionally.
08 - Taste and modify seasoning as necessary before serving.
09 - Ladle chili into bowls and garnish each portion with shredded cheddar cheese and optional cilantro, green onions, or sour cream.