I work with Google ads every day (with small businesses not shit like this)
Press the three dots at the top right and report it as being offensive. Nothing is more frustrating than being disapproved, and it’s often automated with enough clicks. Sometimes it takes a week to get someone at Google to manually unblock an ad even if it was flagged incorrectly (a eye surgeon client of mine being flagged for his ads containing alcohol sales?)
Oh also, I imagine it’ll decrease the relevancy of the ads because Google will automatically take your feedback on board and feed it into the bidding system. The more your ad is deemed irrelevant, the less strength it will have, so will either cost more, or lose rankings against their competitors. (I doubt you can spam this though, it likely has spam protection so lots of people need to do it all the time.)