- Many AirBnB listings are shared spaces so you're getting a spare bedroom or a couch/futon so the privacy factor is not there.
- You have a traceable identity on AirBnB so if it was illegal, you would be leaving a trail of evidence pointing to you.
- Your host would most likely ask you to leave and then you would get banned from the site or get a really negative review which would prevent you from using the service again.
Mostly, it's just not something that is going to be common enough to be a big problem and like I mentioned, there are built in feedback mechanisms to discourage bad behavior.