Heat the olive oil in a medium pot over medium-high heat.
Add the diced yellow onion and green bell pepper, sautéing for 5 minutes until the vegetables are softened and translucent.
Add the ground turkey to the pot, breaking it up with a wooden spoon, and cook until browned and no longer pink.
Stir in the minced garlic, chili powder, ground cumin, smoked paprika, sea salt, and black pepper, cooking for 1 minute until fragrant.
Pour in the pink beans, crushed tomatoes, and water, stirring well to combine all ingredients.
Bring the mixture to a gentle boil, then reduce the heat to low and simmer for 15 minutes to allow the flavors to meld into a rich, smoky chili.