Gather all ingredients.
In a large skillet, cook the ground beef over medium-high heat until browned and crumbly (5 to 7 minutes). Drain and discard grease.
Transfer the cooked beef to a large pot. Add tomato juice, tomato sauce, kidney beans, pinto beans, onions, bell pepper, chili powder, cumin, salt, sugar, oregano, black pepper, cayenne pepper, and stir well.
Bring the mixture to a boil, then reduce heat to low and let it simmer for 1 1/2 hours.
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