According to LifeHacker, http://lifehacker.com/forward-spam-text-messages-to-7726-to-report-them-1257920045
It turns out, many carriers (including the big four US carriers: Verizon, AT&T, Sprint, and T-Mobile) let you report spam messages by forwarding them to 7726. It won't necessarily stop the messages from coming to you right away, but like reporting spam in Gmail, it'll help them filter those messages for everyone in the future.
on an old rotary phone 7726 spells spam.