Set the Instapot/Multicooker to high sauté, and heat for 3 minutes.
Once hot, add in all ingredients and stir well. Cover with the lid and patiently wait until the popcorn pops; this will vary from pot to pot, but mine started at 3 minutes.
Once popping has started, CAREFULLY jiggle your pot off and on during the popping, which should last 2-3 minutes. Serve immediately!