Review all recipe notes and instructions before beginning.
Select “Sauté” mode on the Instant Pot. Add the beef and bacon. Sauté until mostly browned.
Add the chili powder, smoked paprika, cumin, garlic, salt, pepper, and oregano. Sauté for 1-2 minutes or until fragrant.
Add in the onion and bell pepper. Sauté for 1-2 minutes.
Stir in the stock, crushed & diced tomatoes, corn, tomato sauce, honey, worcestershire, chipotles, and adobo sauce.
Select “Pressure Cook” & “High”. Set the time to 25 minutes. Quick release (switch the valve to venting) the pressure as soon as the timer goes off.
Serve with sour cream, cheese, and corn chips.