It's the same reason that YouTube VR videos aren't supported.
From what I've gathered, it's basically that they're mostly too low quality, compared to the AVP's resolution.
Apple wants to limit video to only a super premium experience, which they seem to be working on but it hasn't been launched yet.
In other words, they don't want the VR video experience to be the same as 4K or 8K SBS on a Quest 3, because then you'll just buy a Quest instead.
I'm not defending this, but I am saying there's a logic to it. The AVP isn't anti-porn (I'm sure you can watch the regular 2D kind on the web just fine, Apple isn't limiting your content there), nor is it anti-competitive. It's just not implementing a feature.