Heat the olive oil in a large Dutch oven over medium heat. Add the onion, garlic, jalapeno, and bell peppers. Cook, stirring occasionally, until the vegetables are softened, about 5 minutes.
Add the chili powder, cumin, paprika, oregano, black pepper, cayenne pepper, and salt. Cook, stirring constantly, for 1 minute. Add the beef broth and bring to a boil.
Add the ground beef and stir to combine. Reduce the heat to low and simmer, stirring occasionally, for 1 hour.
Add the diced tomatoes and green chiles and cook for an additional 30 minutes. Serve hot.
Interesting Facts
This chili is a great way to use up ground beef in the freezer.
Chili powder is a combination of spices, including cumin, garlic powder, oregano, and paprika.
Jalapeno peppers can vary in heat level, so sample a few to determine the level of heat you prefer.