These are systems completely designed to prey on vulnerable people, addicts who can't control their impulse to gamble. That's their purpose. I think it's worth regulating intentionally predatory and harmful industries.
When making decisions like this, one should consider not just the desired consequences of the policy, but the difficulty in actually implementing it. Alcohol and narcotics prohibitions fall short here.
It's hard to fully prohibit gambling (because you can play poker around a table, and it's better if that's legalized). It's much easier to prohibit banks from interacting with casinos and TV networks from letting them advertise, as those are large businesses who want to be compliant. That doesn't make gambling itself illegal, but cuts off most of its oxygen.
The problem though is that technically, legally most of this stuff is no longer classified as "gambling". It's now a "prediction market" of which team will win the game.
That's a specific problem of corruption in the current administration. It's not even clear whether this obviously absurd theory of classification will hold up in court, Arizona is already fighting it.
Limiting gambling ads the same way might be a good step.