What is going on with Instagram ads?

Is it just me, or are the ads on Instagram really wild lately? In the last week or so every other story is an ad for a "mafia" game, playing the lottery/gambling games, or some weird role playing game where my husband has left me with our newborn child. I've tried marking these ads as offensive, irrelevant, I see them too often, etc., but they still keep showing up!! I'm not sure what demo they're targeting, but it's getting so annoying I don't even want to open up IG anymore. Is anyone else's algorithm really weird lately?