Someone adds a street. What do you want to do to validate it? Is there some international OSM team, which goes to all the locations and checks, whether there is really a street? With Wikipedia articles it is simpler, because you can check sources mostly online or you have experts on subjects world-wide, not bound by location mostly.
A map of the world seems like sooo much work to keep updated, while many Wikipedia articles can stay as they are, if they are OK now, because they treat historical topics for example, or mathematical things. There are new developments in those areas as well, but no one will take a wrong road when driving, because the Wikipedia article was not updated. Or at least it is not likely to happen. By introducing additional barriers, the update frequency on OSM might be even lower. I wonder how many contributors there are for OSM maps. I have personally never updated a map there and have been too lazy to read up on how to do that.
One would have to find a clever way to validate map information, which does not inhibit participation.